Asia Pacific Fund Inc (APB) Ownership Down in Latest Report from Icon Advisers Inc/co

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Asia Pacific Fund Inc (NYSE:APB).

Icon Advisers Inc/co reports that it decreased its stake in Asia Pacific Fund Inc shares by 2.4% in a 13F filing with the SEC. Its stake was worth $1,879,000 an increase of $75,000 as of the end of the quarter.

The following firms have recently changed their position in APB. As of the end of the quarter Ubs Group Ag had sold 601 shares trimming its stake by 30.2%. The value of the company’s investment in Asia Pacific Fund Inc went from $24,000 to $18,000 a change of $6,000 quarter over quarter. Deschutes Portfolio Strategy, LLC divested its stake by shedding 7,392 shares a decrease of 4.3%. Deschutes Portfolio Strategy, LLC owns 165,420 shares valued at $2,296,000. The total value of its holdings increased 2.2%.

Wells Fargo & Company/mn expanded its investment by buying 400 shares an increase of 27.7% as of 09/30/2017. Wells Fargo & Company/mn claims 1,842 shares with a value of $26,000. The value of the position overall is up by 36.8%.

The company is trading up by 1.02% since yesterday’s close of 14.67. The P/E ratio is N/A and market cap is 153.30M. Investors are feeling more bearish on shares of the company recently as indicated by the uptick in short interest. The company recorded a rise in short interest from October 13, 2017 to October 31, 2017 of 19.53%. Short interest increased from 15,359 to 18,358 over that period. The short-interest ratio increased to 7.0 and the short interest percentage is 0.00% as of October 31.