Trading volume for Aberdeen Singapore Fund, Inc. was 841 in the last trading session. Trading volume was down 96.12% under the stocks average daily volume. Short traders are feeling a little more bullish on shares of the company recently if you take note of the change in short interest. The firm experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -2.74%. Short interest fell from 35,982 to 34,995 over that timeframe.
The following firms have recently changed their position in SGF. 1607 Capital Partners, LLC divested its holdings by selling 1,900 shares a decrease of 0.1% from 03/31/2017 to 06/30/2017. 1607 Capital Partners, LLC controls 1,360,358 shares with a value of $15,059,000. The total value of its holdings increased 3.3%. As of quarter end Thomas J. Herzfeld Advisors, Inc. had sold 6,200 shares trimming its position 33.8%. The value of the investment in Aberdeen Singapore Fund, Inc. decreased from $196,000 to $134,000 decreasing 31.6% quarter over quarter.
Gramercy Funds Management LLC bolstered its ownership by buying 10,700 shares an increase of 5.3%. Gramercy Funds Management LLC owns 213,529 shares worth $2,364,000. The value of the position overall is up by 8.9%. As of the end of the quarter Bulldog Investors, LLC had disposed of a total of 4,938 shares trimming its holdings by 1.6%. The value of the total investment in Aberdeen Singapore Fund, Inc. went from $3,325,000 to $3,387,000 a change of 1.9% for the reporting period.
The company is up by 0.09% percent from yesterday’s close. Shares of the company are trading at $12.41 slightly over the 50 day moving average of $12.03 and which is marginally over the 200 day moving average of $11.44. The 50 day moving average was up $0.38 and the 200 day average went up $0.97 or +8.474%.
The Singapore Fund, Inc. (the Fund), launched on May 31, 1990, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is capital appreciation. The Singapore Fund, Inc. primarily invests in Singapore equity securities, and to a lesser extent, invests in equity securities issued by companies in Association of Southeast Asian Nations (ASEAN) Group countries. The ASEAN Group consists of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam..