Wall Street Signals: Asia Pacific Fund Incorporated (NYSE:APB) Short Interest Increased By 320%

Asia Pacific Fund Incorporated (NYSE:APB) Short Interest Increased By 320%

The stock of Asia Pacific Fund Incorporated (NYSE:APB) registered an increase of 320% in short interest. APB’s total short interest was 2,100 shares in June as published by FINRA. Its up 320% from 500 shares, reported previously. With 7,600 shares average volume, it will take short sellers 0 days to cover their APB’s short positions. The stock decreased 0.52% or $0.05 on June 10, hitting $9.64. The Asia Pacific Fund, Inc. (NYSE:APB) has declined 13.15% since November 4, 2015 and is downtrending. It has underperformed by 12.86% the S&P500.
The Asia Pacific Fund, Inc. is a diversified, closed-end, management investment company. The company has a market cap of $99.20 million. The Fund’s investment objective is to achieve long-term capital appreciation through investment of at least 80% of investable assets in equity securities of companies in the Asia Pacific countries. It currently has negative earnings. The Fund invests in sectors, such as real estate -developers, banking, consumer discretionary, industrials, consumer staples, telecommunication services, semiconductors and semiconductor equipment, utilities, energy, insurance, real estate investment trusts, capital markets, information technology and materials.
The institutional sentiment increased to 1.29 in Q4 2015. Its up 0.43, from 0.86 in 2015Q3. The ratio improved, as 2 funds sold all The Asia Pacific Fund, Inc. shares owned while 5 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 6.97 million shares or 1.04% more from 6.90 million shares in 2015Q3.
City Of London Investment Management Co Ltd holds 3.57% of its portfolio in The Asia Pacific Fund, Inc. for 4.51 million shares. Karpus Management Inc. owns 1.30 million shares or 0.59% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.21% invested in the company for 315,284 shares. The Connecticut-based Gramercy Funds Management Llc has invested 0.19% in the stock. Ancora Advisors Llc, a Us-based fund reported 17,613 shares.
The Asia Pacific Fund, Inc.