Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Up 123.6% in May

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 221,732 shares, an increase of 123.6% from the April 30th total of 99,152 shares. Based on an average daily trading volume, of 341,650 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 30.1% in the 4th quarter. Guggenheim Capital LLC now owns 937,402 shares of the investment management company’s stock valued at $9,140,000 after purchasing an additional 216,755 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 160.8% in the 4th quarter. International Assets Investment Management LLC now owns 343,356 shares of the investment management company’s stock worth $3,348,000 after acquiring an additional 211,676 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the 4th quarter worth $2,009,000. Cetera Investment Advisers increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 34.9% in the 4th quarter. Cetera Investment Advisers now owns 494,194 shares of the investment management company’s stock worth $4,818,000 after acquiring an additional 127,834 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 28.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 552,302 shares of the investment management company’s stock worth $5,225,000 after acquiring an additional 122,585 shares during the last quarter.

Aberdeen Total Dynamic Dividend Fund Price Performance

NYSE AOD traded up $0.04 during trading hours on Monday, reaching $10.49. The stock had a trading volume of 620,412 shares, compared to its average volume of 547,582. Aberdeen Total Dynamic Dividend Fund has a 52-week low of $8.45 and a 52-week high of $10.77. The stock has a fifty day moving average of $10.00 and a 200 day moving average of $9.93.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.