Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 277,843 shares, a growth of 63.2% from the November 15th total of 170,224 shares. Based on an average daily volume of 497,119 shares, the days-to-cover ratio is currently 0.6 days.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 3rd quarter worth $142,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 5.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 322,188 shares of the investment management company’s stock valued at $1,662,000 after purchasing an additional 17,644 shares during the period. Apriem Advisors boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 70.7% during the third quarter. Apriem Advisors now owns 99,000 shares of the investment management company’s stock valued at $511,000 after purchasing an additional 41,000 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 9.8% during the third quarter. Commonwealth Equity Services Inc now owns 659,707 shares of the investment management company’s stock valued at $3,404,000 after purchasing an additional 58,774 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of Aberdeen Asia-Pacific Income Fund by 175.7% during the third quarter. Sigma Planning Corp now owns 30,597 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 19,499 shares during the period.

Shares of Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN FAX) traded down $0.04 during midday trading on Monday, reaching $4.84. 1,981,376 shares of the company’s stock traded hands, compared to its average volume of 609,976. Aberdeen Asia-Pacific Income Fund has a 1-year low of $4.56 and a 1-year high of $5.29.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 21st were issued a $0.035 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.42 annualized dividend and a yield of 8.68%. Aberdeen Asia-Pacific Income Fund’s dividend payout ratio (DPR) is presently 221.05%.

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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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