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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 96,532 shares, a decline of 22.6% from the January 29th total of 124,664 shares. Based on an average trading volume of 165,582 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 165,582 shares, the short-interest ratio is currently 0.6 days.

abrdn Asia-Pacific Income Fund Stock Performance

FAX opened at $16.00 on Monday. The company’s 50 day moving average is $15.64 and its 200-day moving average is $15.75. abrdn Asia-Pacific Income Fund has a 1-year low of $13.99 and a 1-year high of $16.90.

abrdn Asia-Pacific Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.165 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Penserra Capital Management LLC increased its position in abrdn Asia-Pacific Income Fund by 3.8% during the 3rd quarter. Penserra Capital Management LLC now owns 1,129,578 shares of the investment management company’s stock valued at $18,400,000 after purchasing an additional 41,402 shares during the period. Evergreen Capital Management LLC increased its position in shares of abrdn Asia-Pacific Income Fund by 3.8% during the fourth quarter. Evergreen Capital Management LLC now owns 896,662 shares of the investment management company’s stock worth $13,900,000 after buying an additional 33,158 shares during the period. Truffle Hound Capital LLC increased its position in shares of abrdn Asia-Pacific Income Fund by 20.0% during the second quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock worth $9,552,000 after buying an additional 100,000 shares during the period. EP Wealth Advisors LLC bought a new position in abrdn Asia-Pacific Income Fund during the fourth quarter worth $8,659,000. Finally, Invesco Ltd. lifted its holdings in abrdn Asia-Pacific Income Fund by 20.5% in the fourth quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock valued at $7,563,000 after buying an additional 83,892 shares during the period. 33.55% of the stock is currently owned by institutional investors.

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.