Investors are a little more bearish recently if you take a look at the change in short interest. The firm experienced a rise in short interest between August 31, 2017 and September 15, 2017 of 71.00%. Short shares increased 6,229 over that timeframe.
The following firms have recently changed their position in APB. As of the end of the quarter Ancora Advisors, LLC had sold 15,983 shares trimming its position 95.7%. The value of the total investment in Asia Pacific Fund, Inc. (The) went from $204,000 to $9,000 decreasing 95.6% quarter to quarter. Brinker Capital Inc trimmed its position by shedding 975 shares a decrease of 2.6%. Brinker Capital Inc currently owns 37,028 shares worth $481,000. The value of the position overall is up by 3.4%.
Ubs Group Ag cut its holdings by selling 601 shares a decrease of 30.2% as of 06/30/2017. Ubs Group Ag claims 1,386 shares valued at $18,000. The total value of its holdings decreased 25.0%. Deschutes Portfolio Strategy, LLC divested its ownership by shedding 4,788 shares a decrease of 2.7% from 03/31/2017 to 06/30/2017. Deschutes Portfolio Strategy, LLC now holds 172,812 shares with a value of $2,247,000. The value of the position overall is up by 3.5%.
The company is now up by 1.24% percent from yesterday’s close. It is currently trading at $13.88 which is slightly above $13.48, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $12.66. The 50 day moving average was up by +2.97% whereas the 200 day average was up by +9.65%.
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..