Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Expands By 7.0%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 36,800 shares, a growth of 7.0% from the November 15th total of 34,400 shares. Based on an average daily volume of 95,500 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter valued at about $80,000. Stifel Financial Corp purchased a new position in Abrdn Global Dynamic Dividend Fund during the third quarter worth $111,000. Rivernorth Capital Management LLC bought a new position in Abrdn Global Dynamic Dividend Fund during the third quarter valued at $119,000. Brookstone Capital Management bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth about $186,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth about $452,000.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of AGD stock traded down $0.09 during mid-day trading on Tuesday, hitting $10.01. The company had a trading volume of 115,279 shares, compared to its average volume of 72,002. The stock’s 50 day moving average price is $10.27 and its 200-day moving average price is $10.10. Abrdn Global Dynamic Dividend Fund has a 52-week low of $9.09 and a 52-week high of $10.68.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a dividend yield of 9.7%.

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.