Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Sees Large Increase in Short Interest

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

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

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

Abrdn Global Dynamic Dividend Fund Stock Down 0.9 %

Shares of NYSE:AGD traded down $0.09 during trading on Tuesday, hitting $10.01. 115,279 shares of the company traded hands, compared to its average volume of 72,002. Abrdn Global Dynamic Dividend Fund has a one year low of $9.09 and a one year high of $10.68. The business’s fifty day moving average is $10.27 and its 200-day moving average is $10.10.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

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

Abrdn Global Dynamic Dividend Fund Company Profile

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.