Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Declines By 13.9%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 164,100 shares, a decline of 13.9% from the February 28th total of 190,600 shares. Based on an average trading volume of 115,000 shares, the days-to-cover ratio is presently 1.4 days.

Abrdn Global Dynamic Dividend Fund Trading Down 2.4 %

NYSE AGD traded down $0.24 on Thursday, hitting $9.76. The company’s stock had a trading volume of 83,338 shares, compared to its average volume of 86,894. The company’s 50-day moving average is $10.20 and its 200 day moving average is $10.20. Abrdn Global Dynamic Dividend Fund has a 1-year low of $9.10 and a 1-year high of $10.68.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $1.32 annualized dividend and a dividend yield of 13.52%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently made changes to their positions in AGD. Sit Investment Associates Inc. raised its stake in Abrdn Global Dynamic Dividend Fund by 36.0% during the 4th quarter. Sit Investment Associates Inc. now owns 233,566 shares of the company’s stock worth $2,289,000 after buying an additional 61,764 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Abrdn Global Dynamic Dividend Fund by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,534 shares of the company’s stock worth $672,000 after purchasing an additional 2,668 shares during the period. Raymond James Financial Inc. bought a new position in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth $1,310,000. Virtu Financial LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth $161,000. Finally, Argentarii LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund in the 4th quarter valued at $203,000.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.