Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Increases By 40.1%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 762,838 shares, a growth of 40.1% from the February 12th total of 544,485 shares. Based on an average daily volume of 629,786 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 629,786 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Aberdeen Total Dynamic Dividend Fund in the 1st quarter worth $85,000. CWM LLC increased its stake in Aberdeen Total Dynamic Dividend Fund by 14.1% during the 4th quarter. CWM LLC now owns 9,443 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 1,166 shares in the last quarter. Syverson Strege & Co bought a new stake in Aberdeen Total Dynamic Dividend Fund during the 3rd quarter valued at $97,000. Northwestern Mutual Wealth Management Co. raised its holdings in Aberdeen Total Dynamic Dividend Fund by 242.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,411 shares of the investment management company’s stock worth $101,000 after buying an additional 8,080 shares during the last quarter. Finally, Quarry LP acquired a new position in Aberdeen Total Dynamic Dividend Fund during the fourth quarter worth $103,000.

Aberdeen Total Dynamic Dividend Fund Stock Down 0.5%

Shares of Aberdeen Total Dynamic Dividend Fund stock opened at $9.49 on Monday. Aberdeen Total Dynamic Dividend Fund has a one year low of $6.99 and a one year high of $10.77. The business has a 50-day simple moving average of $10.10 and a 200 day simple moving average of $9.72.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 13.9%. This is a boost from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, March 24th.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.