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

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 31,400 shares, a growth of 217.2% from the September 15th total of 9,900 shares. Based on an average daily trading volume, of 74,300 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Institutional investors have recently modified their holdings of the stock. Novak & Powell Financial Services Inc. bought a new stake in shares of Abrdn Global Dynamic Dividend Fund during the fourth quarter worth $103,000. Brookstone Capital Management bought a new position in Abrdn Global Dynamic Dividend Fund in the second quarter valued at approximately $186,000. Commonwealth Equity Services LLC boosted its stake in Abrdn Global Dynamic Dividend Fund by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock valued at $670,000 after acquiring an additional 2,816 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in Abrdn Global Dynamic Dividend Fund by 417.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 70,067 shares of the company’s stock worth $684,000 after acquiring an additional 56,536 shares during the period. Finally, Logan Stone Capital LLC increased its holdings in Abrdn Global Dynamic Dividend Fund by 7.2% in the second quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock valued at $1,035,000 after purchasing an additional 7,092 shares during the last quarter.

Abrdn Global Dynamic Dividend Fund Stock Up 0.5 %

NYSE AGD traded up $0.05 during trading hours on Friday, reaching $10.52. 76,133 shares of the company’s stock were exchanged, compared to its average volume of 63,392. The firm has a fifty day moving average of $10.22 and a 200-day moving average of $9.85. Abrdn Global Dynamic Dividend Fund has a one year low of $8.20 and a one year high of $10.65.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be paid a $0.12 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.69%.

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.