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

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 24,181 shares, a decrease of 60.5% from the November 30th total of 61,271 shares. Based on an average daily volume of 95,449 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 95,449 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new position in shares of Abrdn Global Dynamic Dividend Fund in the third quarter valued at approximately $217,000. Bank of America Corp DE grew its holdings in Abrdn Global Dynamic Dividend Fund by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock valued at $7,645,000 after buying an additional 29,637 shares in the last quarter. Ameriprise Financial Inc. increased its position in Abrdn Global Dynamic Dividend Fund by 194.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 70,771 shares of the company’s stock worth $913,000 after buying an additional 46,711 shares during the period. Raymond James Financial Inc. boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 25.9% in the third quarter. Raymond James Financial Inc. now owns 469,543 shares of the company’s stock valued at $6,254,000 after acquiring an additional 96,521 shares during the period. Finally, Adapt Wealth Advisors LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the third quarter valued at about $398,000.

Abrdn Global Dynamic Dividend Fund Trading Down 0.3%

Shares of NYSE AGD traded down $0.04 during midday trading on Friday, reaching $12.08. 102,841 shares of the stock were exchanged, compared to its average volume of 130,622. Abrdn Global Dynamic Dividend Fund has a 12 month low of $8.46 and a 12 month high of $13.98. The business has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $11.70.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Wednesday, December 31st.

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.