abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Up 148.4% in January

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 86,060 shares, a growth of 148.4% from the December 31st total of 34,641 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 261,715 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 261,715 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of abrdn Asia-Pacific Income Fund

Several hedge funds have recently made changes to their positions in FAX. Rareview Capital LLC purchased a new position in abrdn Asia-Pacific Income Fund during the 4th quarter valued at $2,867,000. Evergreen Capital Management LLC boosted its stake 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 valued at $13,900,000 after purchasing an additional 33,158 shares during the period. Shaker Financial Services LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the fourth quarter worth about $1,555,000. Stratos Wealth Advisors LLC increased its stake in abrdn Asia-Pacific Income Fund by 4.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 197,942 shares of the investment management company’s stock worth $3,036,000 after buying an additional 9,298 shares during the period. Finally, Shrier Wealth Management LLC purchased a new position in abrdn Asia-Pacific Income Fund in the 4th quarter worth about $657,000. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Asia-Pacific Income Fund Stock Up 0.3%

Shares of FAX stock traded up $0.04 on Friday, hitting $15.79. 265,568 shares of the stock traded hands, compared to its average volume of 243,488. abrdn Asia-Pacific Income Fund has a 52 week low of $13.99 and a 52 week high of $16.90. The firm has a 50 day simple moving average of $15.37 and a two-hundred day simple moving average of $15.77.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 12.5%.

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.