Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Short Interest Up 697.8% in July

Key Points

• Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) experienced a **697.8% increase** in short interest in July, totaling 251,300 shares.
• The fund has **73.93% of its stock owned** by institutional investors and hedge funds, indicating strong institutional interest.
• A recent dividend announcement revealed a **$0.15 per share dividend**, translating to an annualized yield of **9.8%** for shareholders.

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 251,300 shares, agrowthof697.8% from the July 15th total of 31,500 shares. Approximately0.6% of the company's shares are short sold. Based on an average daily volume of 145,700 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 145,700 shares, the short-interest ratio is presently 1.7 days. Approximately0.6% of the company's shares are short sold.

Hedge Funds Weigh In On Abrdn Emerging Markets Equity Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $57,000. Creative Planning acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the second quarter worth about $70,000. PNC Financial Services Group Inc. grew its position in shares of Abrdn Emerging Markets Equity Income Fund by 28.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company's stock worth $60,000 after buying an additional 2,641 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the first quarter worth about $72,000. Finally, Almitas Capital LLC acquired a new position in shares of Abrdn Emerging Markets Equity Income Fund during the fourth quarter worth about $137,000. 73.93% of the stock is owned by institutional investors and hedge funds.

Abrdn Emerging Markets Equity Income Fund Stock Down 1.3%

NYSE:AEF traded down $0.08 on Tuesday, reaching $6.14. 164,058 shares of the company's stock were exchanged, compared to its average volume of 198,255. The business has a fifty day moving average of $5.96 and a 200-day moving average of $5.47. Abrdn Emerging Markets Equity Income Fund has a 52-week low of $4.43 and a 52-week high of $6.22.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 9.8%.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.