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

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 50,046 shares, a growth of 24.2% from the January 15th total of 40,296 shares. Based on an average daily trading volume, of 146,768 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 146,768 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds have recently modified their holdings of the stock. NWF Advisory Services Inc. boosted its position in Abrdn Global Dynamic Dividend Fund by 3.1% during the 3rd quarter. NWF Advisory Services Inc. now owns 33,658 shares of the company’s stock worth $448,000 after acquiring an additional 1,001 shares during the period. Kapstone Financial Advisors LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 9.4% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 19,750 shares of the company’s stock valued at $263,000 after purchasing an additional 1,700 shares during the period. Truist Financial Corp lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 12.3% in the third quarter. Truist Financial Corp now owns 15,923 shares of the company’s stock worth $212,000 after purchasing an additional 1,739 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 683,911 shares of the company’s stock worth $9,109,000 after purchasing an additional 1,911 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 68.5% during the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after purchasing an additional 4,314 shares during the period.

Abrdn Global Dynamic Dividend Fund Stock Up 1.9%

Shares of AGD stock traded up $0.24 during midday trading on Monday, reaching $12.72. 151,143 shares of the company were exchanged, compared to its average volume of 136,798. Abrdn Global Dynamic Dividend Fund has a 12 month low of $8.46 and a 12 month high of $13.98. The company’s 50 day moving average price is $12.08 and its two-hundred day moving average price is $12.01.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.3%.

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.