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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 124,664 shares, a growth of 44.9% from the January 15th total of 86,060 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 251,818 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 251,818 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

abrdn Asia-Pacific Income Fund Stock Performance

NYSEAMERICAN FAX opened at $16.15 on Friday. The firm’s fifty day moving average is $15.48 and its two-hundred day moving average is $15.76. abrdn Asia-Pacific Income Fund has a one year low of $13.99 and a one year high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On abrdn Asia-Pacific Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAX. Cullen Frost Bankers Inc. lifted its holdings in abrdn Asia-Pacific Income Fund by 5.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company’s stock valued at $197,000 after acquiring an additional 683 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 7.7% in the 4th quarter. Kestra Advisory Services LLC now owns 16,801 shares of the investment management company’s stock valued at $258,000 after purchasing an additional 1,204 shares in the last quarter. Creative Planning increased its holdings in shares of abrdn Asia-Pacific Income Fund by 6.9% in the 2nd quarter. Creative Planning now owns 21,167 shares of the investment management company’s stock valued at $337,000 after purchasing an additional 1,364 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of abrdn Asia-Pacific Income Fund by 1.2% in the second quarter. Osaic Holdings Inc. now owns 139,708 shares of the investment management company’s stock valued at $2,224,000 after purchasing an additional 1,623 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in abrdn Asia-Pacific Income Fund by 11.2% during the fourth quarter. Moors & Cabot Inc. now owns 17,015 shares of the investment management company’s stock worth $261,000 after buying an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

About abrdn Asia-Pacific Income Fund

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.