Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Down 62.5% in December

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 27,300 shares, a decrease of 62.5% from the December 15th total of 72,800 shares. Based on an average daily volume of 107,800 shares, the days-to-cover ratio is presently 0.3 days.

Abrdn Global Dynamic Dividend Fund Stock Up 1.9 %

Shares of AGD opened at $10.09 on Thursday. The firm’s fifty day simple moving average is $10.06 and its two-hundred day simple moving average is $10.13. Abrdn Global Dynamic Dividend Fund has a 12 month low of $9.09 and a 12 month high of $10.68.

Abrdn Global Dynamic Dividend Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.32 annualized dividend and a yield of 13.08%.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock worth $670,000 after acquiring an additional 2,816 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Abrdn Global Dynamic Dividend Fund by 6.9% during the fourth quarter. Park Avenue Securities LLC now owns 70,848 shares of the company’s stock worth $694,000 after purchasing an additional 4,589 shares during the last quarter. Logan Stone Capital LLC grew its position in Abrdn Global Dynamic Dividend Fund by 7.2% in the 2nd quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock worth $1,035,000 after purchasing an additional 7,092 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 3rd quarter worth approximately $80,000. Finally, Stifel Financial Corp bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 3rd quarter worth approximately $111,000.

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.