Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Short Interest Update

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totalling 535,900 shares, an increase of 4,119.7% from the February 27th total of 12,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 819,300 shares, the short-interest ratio is presently 0.7 days.

Several hedge funds have recently modified their holdings of FAX. FSA Wealth Management LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth $31,000. Cascadia Advisory Services LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth $44,000. Allred Capital Management LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth $47,000. PBMares Wealth Management LLC bought a new position in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth $51,000. Finally, Advanced Asset Management Advisors Inc bought a new position in Aberdeen Asia-Pacific Income Fund in the 4th quarter worth $55,000.

Shares of FAX stock opened at $3.43 on Friday. Aberdeen Asia-Pacific Income Fund has a 1 year low of $2.60 and a 1 year high of $4.49.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.0275 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date is Thursday, March 19th.

About Aberdeen Asia-Pacific Income Fund

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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