Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Up 26.6% in December

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 30,604 shares, a growth of 26.6% from the December 15th total of 24,181 shares. Based on an average daily trading volume, of 101,183 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 101,183 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Institutional investors have recently added to or reduced their stakes in the stock. Onyx Bridge Wealth Group LLC bought a new position in Abrdn Global Dynamic Dividend Fund in the second quarter worth about $114,000. CoreCap Advisors LLC grew its position in shares of Abrdn Global Dynamic Dividend Fund by 68.5% in the 3rd quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after buying an additional 4,314 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 3rd quarter worth approximately $148,000. XTX Topco Ltd bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth approximately $135,000. Finally, Kovack Advisors Inc. purchased a new stake in Abrdn Global Dynamic Dividend Fund during the second quarter valued at approximately $160,000.

Abrdn Global Dynamic Dividend Fund Price Performance

NYSE AGD opened at $12.34 on Tuesday. The company’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $11.85. Abrdn Global Dynamic Dividend Fund has a one year low of $8.46 and a one year high of $13.98.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a $0.12 dividend. The ex-dividend date is Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.