Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Up 26.6% in December

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 30,604 shares, an increase of 26.6% from the December 15th total of 24,181 shares. Based on an average trading volume of 101,183 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 101,183 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AGD. Wealth Enhancement Advisory Services LLC acquired a new position in Abrdn Global Dynamic Dividend Fund during the third quarter valued at $148,000. Bank of America Corp DE grew its position in Abrdn Global Dynamic Dividend Fund by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 544,301 shares of the company’s stock worth $6,009,000 after purchasing an additional 85,449 shares during the period. Raymond James Financial Inc. lifted its holdings in Abrdn Global Dynamic Dividend Fund by 82.4% in the second quarter. Raymond James Financial Inc. now owns 373,022 shares of the company’s stock valued at $4,118,000 after acquiring an additional 168,549 shares during the period. XTX Topco Ltd purchased a new stake in Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth approximately $135,000. Finally, NWF Advisory Services Inc. boosted its position in Abrdn Global Dynamic Dividend Fund by 3.1% in the 3rd quarter. NWF Advisory Services Inc. now owns 33,658 shares of the company’s stock worth $448,000 after purchasing an additional 1,001 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Stock Up 1.2%

Shares of AGD stock traded up $0.15 during mid-day trading on Friday, reaching $12.40. The stock had a trading volume of 256,087 shares, compared to its average volume of 161,844. Abrdn Global Dynamic Dividend Fund has a 1-year low of $8.46 and a 1-year high of $13.98. The business’s fifty day moving average is $11.70 and its 200-day moving average is $11.85.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Friday, January 23rd.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.