Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) was the recipient of a large increase in short interest during the month of September. As of September 29th, there was short interest totalling 116,202 shares, an increase of 354.4% from the September 15th total of 25,571 shares. Based on an average daily volume of 447,527 shares, the days-to-cover ratio is presently 0.3 days.

In other news, major shareholder Voya Financial, Inc. acquired 24,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. lifted its position in Aberdeen Asia-Pacific Income Fund by 1,440.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 20,105 shares of the investment management company’s stock worth $101,000 after buying an additional 18,800 shares in the last quarter. Brookstone Capital Management lifted its position in Aberdeen Asia-Pacific Income Fund by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 23,750 shares of the investment management company’s stock worth $119,000 after buying an additional 1,000 shares in the last quarter. MML Investors Services LLC lifted its position in Aberdeen Asia-Pacific Income Fund by 13.7% during the 2nd quarter. MML Investors Services LLC now owns 30,359 shares of the investment management company’s stock worth $152,000 after buying an additional 3,661 shares in the last quarter. Benchmark Capital Advisors lifted its position in Aberdeen Asia-Pacific Income Fund by 7.7% during the 2nd quarter. Benchmark Capital Advisors now owns 33,500 shares of the investment management company’s stock worth $167,000 after buying an additional 2,400 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in Aberdeen Asia-Pacific Income Fund by 1.8% during the 2nd quarter. Synovus Financial Corp now owns 34,764 shares of the investment management company’s stock worth $173,000 after buying an additional 612 shares in the last quarter.

Shares of Aberdeen Asia-Pacific Income Fund (NYSE FAX) traded up 0.39% during mid-day trading on Tuesday, reaching $5.13. 352,444 shares of the company traded hands. The stock’s 50 day moving average is $5.16 and its 200 day moving average is $5.07. Aberdeen Asia-Pacific Income Fund has a 52-week low of $4.56 and a 52-week high of $5.29.

The company also recently announced a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.42 annualized dividend and a dividend yield of 8.19%.

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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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