Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Update

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX – Get Rating) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 90,400 shares, a decrease of 39.3% from the March 15th total of 148,900 shares. Based on an average trading volume of 1,243,000 shares, the short-interest ratio is currently 0.1 days.

Several hedge funds have recently modified their holdings of FAX. Citadel Advisors LLC purchased a new stake in shares of Aberdeen Asia-Pacific Income Fund in the second quarter worth $69,000. Millennium Management LLC raised its position in shares of Aberdeen Asia-Pacific Income Fund by 218.0% in the second quarter. Millennium Management LLC now owns 34,250 shares of the investment management company’s stock worth $152,000 after buying an additional 23,480 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Aberdeen Asia-Pacific Income Fund in the third quarter worth $67,000. Stephens Inc. AR raised its position in shares of Aberdeen Asia-Pacific Income Fund by 1.7% in the third quarter. Stephens Inc. AR now owns 343,466 shares of the investment management company’s stock worth $1,425,000 after buying an additional 5,645 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Aberdeen Asia-Pacific Income Fund by 8.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 109,796 shares of the investment management company’s stock worth $456,000 after buying an additional 8,443 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

Shares of NYSEAMERICAN:FAX traded down $0.05 during trading on Friday, hitting $3.29. 806,726 shares of the company were exchanged, compared to its average volume of 1,232,340. Aberdeen Asia-Pacific Income Fund has a 52-week low of $3.22 and a 52-week high of $4.46.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Friday, April 22nd will be given a $0.0275 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 10.03%.

Aberdeen Asia-Pacific Income Fund Company Profile (Get Rating)

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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