Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Short Interest Up 92.9% in September
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 132,139 shares, an increase of 92.9% from the September 15th total of 68,510 shares. Based on an average daily trading volume, of 597,079 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
Aberdeen Asia-Pacific Income Fund (NYSE:FAX) traded down 0.80% during midday trading on Tuesday, hitting $4.96. 780,242 shares of the stock were exchanged. The firm’s 50-day moving average price is $5.14 and its 200 day moving average price is $5.08. Aberdeen Asia-Pacific Income Fund has a 1-year low of $4.22 and a 1-year high of $5.55.
About Aberdeen Asia-Pacific Income Fund
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Aberdeen Asia-Pacific Income Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. The Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes in Asian debt securities, Australian debt securities and New Zealand debt securities.
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