The stock is trading at $14.20 a tad above $13.48, the 50 day moving average and a great deal higher than the 200 day moving average of $12.66. The 50 day moving average went up $0.72 or +5.35% and the 200 day average went up by +12.18%. Trading volume for Asia Pacific Fund, Inc. (The) was 600 in the last trading session. Shares saw a steep decrease in trading volume of 88.62% under the normal average daily volume. Traders are feeling more bearish on shares of Asia Pacific Fund, Inc. (The) lately if you watch the change in short interest. The stock had a rise in short interest from August 15, 2017 to August 31, 2017 of 25.78%. Short interest increased from 6,975 to 8,773 over that period.
The following firms have recently changed their position in APB. Ancora Advisors, LLC divested its investment by selling 15,983 shares a decrease of 95.7% as of 06/30/2017. Ancora Advisors, LLC controls 715 shares with a value of $9,000. The value of the position overall is down by 95.6%. As of quarter end Brinker Capital Inc had sold 975 shares trimming its holdings by 2.6%. The value of the investment in Asia Pacific Fund, Inc. (The) increased from $465,000 to $481,000 increasing 3.4% quarter over quarter.
Ubs Group Ag cut its ownership by shedding 601 shares a decrease of 30.2% in the quarter. Ubs Group Ag now holds 1,386 shares valued at $18,000. The total value of its holdings decreased 25.0%. As of the end of the quarter Deschutes Portfolio Strategy, LLC had disposed of a total of 4,788 shares trimming its stake by 2.7%. The value of the investment in (APB) went from $2,172,000 to $2,247,000 a change of $75,000 quarter to quarter.
The Asia Pacific Fund, Inc. (the Fund) is a diversified, closed-end management investment company. 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..