Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Up 115.0% in December

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 196,100 shares, a growth of 115.0% from the December 15th total of 91,200 shares. Based on an average daily volume of 399,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC lifted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 23.9% in the 3rd quarter. Pathstone Holdings LLC now owns 2,978,244 shares of the investment management company’s stock worth $27,110,000 after purchasing an additional 574,145 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 71.1% in the 2nd quarter. Cornerstone Advisors LLC now owns 782,834 shares of the investment management company’s stock worth $6,584,000 after acquiring an additional 325,283 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Aberdeen Total Dynamic Dividend Fund by 8.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 478,807 shares of the investment management company’s stock valued at $4,027,000 after acquiring an additional 36,945 shares during the last quarter. Logan Stone Capital LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 40.9% during the second quarter. Logan Stone Capital LLC now owns 318,630 shares of the investment management company’s stock worth $2,680,000 after acquiring an additional 92,414 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Aberdeen Total Dynamic Dividend Fund by 18.9% in the third quarter. Sanctuary Advisors LLC now owns 288,636 shares of the investment management company’s stock worth $2,514,000 after purchasing an additional 45,788 shares during the last quarter.

Aberdeen Total Dynamic Dividend Fund Stock Up 0.5 %

Shares of NYSE AOD traded up $0.05 during midday trading on Thursday, reaching $8.67. The stock had a trading volume of 720,584 shares, compared to its average volume of 539,788. The company’s 50 day moving average price is $8.63 and its 200 day moving average price is $8.72. Aberdeen Total Dynamic Dividend Fund has a twelve month low of $7.73 and a twelve month high of $9.14.

Aberdeen Total Dynamic Dividend Fund Announces 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 given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.20 dividend on an annualized basis and a yield of 13.85%.