Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Down 13.9% in March

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 164,100 shares, a decline of 13.9% from the February 28th total of 190,600 shares. Based on an average daily volume of 115,000 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of AGD. Sit Investment Associates Inc. lifted its position in Abrdn Global Dynamic Dividend Fund by 36.0% during the 4th quarter. Sit Investment Associates Inc. now owns 233,566 shares of the company’s stock valued at $2,289,000 after acquiring an additional 61,764 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 4.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 68,534 shares of the company’s stock worth $672,000 after purchasing an additional 2,668 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth approximately $1,310,000. Virtu Financial LLC purchased a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth approximately $161,000. Finally, Argentarii LLC bought a new position in Abrdn Global Dynamic Dividend Fund during the 4th quarter valued at approximately $203,000.

Abrdn Global Dynamic Dividend Fund Stock Up 0.2 %

Shares of AGD stock traded up $0.02 during midday trading on Wednesday, reaching $9.96. 26,784 shares of the stock were exchanged, compared to its average volume of 86,612. Abrdn Global Dynamic Dividend Fund has a 1 year low of $9.10 and a 1 year high of $10.68. The company’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.20.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 13.25%. The ex-dividend date of this dividend was Tuesday, March 25th.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.