Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Update

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 40,296 shares, a growth of 31.7% from the December 31st total of 30,604 shares. Based on an average trading volume of 152,478 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 152,478 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors and hedge funds have recently bought and sold shares of AGD. Penserra Capital Management LLC increased its holdings in Abrdn Global Dynamic Dividend Fund by 0.3% in the 3rd quarter. Penserra Capital Management LLC now owns 683,911 shares of the company’s stock worth $9,109,000 after buying an additional 1,911 shares during the period. Truist Financial Corp boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 12.3% in the 3rd quarter. Truist Financial Corp now owns 15,923 shares of the company’s stock valued at $212,000 after acquiring an additional 1,739 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund in the third quarter worth $148,000. XTX Topco Ltd acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund in the second quarter worth $135,000. Finally, NWF Advisory Services Inc. raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 3.1% during the third 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 during the last quarter.

Abrdn Global Dynamic Dividend Fund Trading Down 0.0%

Shares of Abrdn Global Dynamic Dividend Fund stock opened at $12.40 on Wednesday. The company has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $11.95. Abrdn Global Dynamic Dividend Fund has a one year low of $8.46 and a one year high of $13.98.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 11.6%.

Abrdn Global Dynamic Dividend Fund Company Profile

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.