Media coverage about ASIA PAC FUND (NYSE:APB) has been trending positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ASIA PAC FUND earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 45.0382041197758 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of ASIA PAC FUND (APB) opened at 13.4134 on Monday. ASIA PAC FUND has a 52 week low of $9.52 and a 52 week high of $13.56. The firm’s 50-day moving average is $13.05 and its 200-day moving average is $11.95.
In other ASIA PAC FUND news, major shareholder City Of London Investment Grou bought 49,000 shares of ASIA PAC FUND stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $12.47 per share, with a total value of $611,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.30% of the company’s stock.
About ASIA PAC FUND
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. The Fund’s portfolio of investments includes banking, materials, consumer discretionary, real estate, industrials, insurance, utilities, consumer staples, semiconductors and semiconductor equipment, telecommunication services, real estate investment trusts and information technology.
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