Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Short Interest Report for October

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 22,671 shares, a decrease of 69.3% from the September 30th total of 73,950 shares. Based on an average daily volume of 87,770 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC increased its position in Abrdn Global Dynamic Dividend Fund by 5.6% during the 3rd quarter. CoreCap Advisors LLC now owns 21,558 shares of the company’s stock worth $253,000 after purchasing an additional 1,141 shares in the last quarter. HighTower Advisors LLC lifted its stake in Abrdn Global Dynamic Dividend Fund by 3.0% in the 2nd quarter. HighTower Advisors LLC now owns 32,240 shares of the company’s stock valued at $390,000 after purchasing an additional 926 shares during the last quarter. Bank of America Corp DE acquired a new stake in Abrdn Global Dynamic Dividend Fund in the second quarter valued at approximately $6,442,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth $53,000. Finally, Evolve Private Wealth LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth $156,000.

Abrdn Global Dynamic Dividend Fund Price Performance

NYSE AGD opened at $11.09 on Wednesday. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $12.04. Abrdn Global Dynamic Dividend Fund has a 12-month low of $10.41 and a 12-month high of $12.89.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.44 annualized dividend and a yield of 13.0%.

About Abrdn Global Dynamic Dividend Fund

abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment fund that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies around the world.

Its portfolio may include common stocks, preferred securities, real estate investment trusts and other income-producing investments. The fund uses a flexible, globally diversified approach, allowing it to invest across industries, companies and geographic regions as its investment managers identify opportunities for dividend income and capital appreciation.

The fund was launched in 2006 and was formerly known as Alpine Global Dynamic Dividend Fund before becoming associated with Aberdeen, now abrdn.