Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Sees Significant Growth in Short Interest

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX – Get Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 275,200 shares, an increase of 204.4% from the March 31st total of 90,400 shares. Based on an average daily trading volume, of 1,015,300 shares, the short-interest ratio is currently 0.3 days.

FAX opened at $3.22 on Thursday. Aberdeen Asia-Pacific Income Fund has a 12 month low of $3.20 and a 12 month high of $4.46.

The company 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. This represents a $0.33 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date is Thursday, April 21st.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in Aberdeen Asia-Pacific Income Fund by 3.2% in the 3rd quarter. Invesco Ltd. now owns 3,887,421 shares of the investment management company’s stock worth $16,133,000 after purchasing an additional 119,191 shares during the period. Segantii Capital Management Ltd acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the 4th quarter worth about $558,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the 4th quarter worth about $12,495,000. Bridgewater Advisors Inc. acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the 4th quarter worth about $123,000. Finally, LPL Financial LLC boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 29.2% during the 3rd quarter. LPL Financial LLC now owns 2,486,807 shares of the investment management company’s stock worth $10,320,000 after buying an additional 562,418 shares during the last quarter. 21.89% of the stock is owned by hedge funds and other institutional investors.

About Aberdeen Asia-Pacific Income Fund (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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