Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Sees Large Decline in Short Interest

Key Points

• Abrdn Emerging Markets Equity Income Fund Inc saw a significant **35.5% decrease** in short interest in August, dropping from 251,300 shares to 162,100 shares as of August 15th.
• **Institutional investors** currently hold **73.93%** of the fund's stock, with notable increases from firms like Vanguard Capital Wealth Advisors, which boosted its stake by **241.3%** in the second quarter.
• The fund recently declared a quarterly dividend of **$0.15 per share**, representing an annualized yield of **9.7%** for its shareholders.

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 162,100 shares, a decline of 35.5% from the July 31st total of 251,300 shares. Based on an average daily trading volume, of 140,700 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 140,700 shares, the days-to-cover ratio is presently 1.2 days.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.3%

NYSE:AEF traded up $0.08 during trading hours on Thursday, reaching $6.42. 87,777 shares of the company traded hands, compared to its average volume of 188,410. The business's 50-day moving average price is $6.09 and its two-hundred day moving average price is $5.55. Abrdn Emerging Markets Equity Income Fund has a 1 year low of $4.43 and a 1 year high of $6.47.

Abrdn Emerging Markets Equity Income Fund Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 23rd. This represents a yield of 780.0%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 241.3% in the second quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company's stock worth $5,903,000 after purchasing an additional 702,576 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund in the first quarter worth $2,432,000. Envestnet Asset Management Inc. purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund in the first quarter worth $1,457,000. North Ground Capital raised its stake in shares of Abrdn Emerging Markets Equity Income Fund by 731.0% in the first quarter. North Ground Capital now owns 319,922 shares of the company's stock worth $1,644,000 after purchasing an additional 281,422 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Abrdn Emerging Markets Equity Income Fund in the first quarter worth $1,350,000. Hedge funds and other institutional investors own 73.93% of the company's stock.

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.