Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Short Interest Update
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 320,897 shares, an increase of 257.8% from the April 28th total of 89,694 shares. Based on an average daily volume of 596,977 shares, the short-interest ratio is presently 0.5 days.
Shares of Aberdeen Asia-Pacific Income Fund (NYSE:FAX) traded up 0.20% during mid-day trading on Wednesday, hitting $5.03. 468,937 shares of the stock were exchanged. The stock’s 50-day moving average price is $4.99 and its 200-day moving average price is $4.86. Aberdeen Asia-Pacific Income Fund has a 52-week low of $4.56 and a 52-week high of $5.55.
The company also recently announced a monthly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 19th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend is Wednesday, May 17th.
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Aberdeen Asia-Pacific Income Fund Company Profile
Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, 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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