Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Large Decrease in Short Interest

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 517,510 shares, a decrease of 41.3% from the December 31st total of 881,210 shares. Based on an average daily volume of 586,345 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 586,345 shares, the days-to-cover ratio is currently 0.9 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock traded down $0.04 on Friday, hitting $9.96. The company’s stock had a trading volume of 376,188 shares, compared to its average volume of 549,305. The firm has a fifty day moving average price of $9.80 and a 200-day moving average price of $9.46. Aberdeen Total Dynamic Dividend Fund has a 52-week low of $6.99 and a 52-week high of $10.18.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a $0.10 dividend. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Shaker Financial Services LLC lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 1,490.1% during the second quarter. Shaker Financial Services LLC now owns 374,808 shares of the investment management company’s stock worth $3,321,000 after purchasing an additional 351,237 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 45.6% during the 2nd quarter. Guggenheim Capital LLC now owns 594,234 shares of the investment management company’s stock worth $5,265,000 after buying an additional 186,100 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 28.5% in the third quarter. Advisors Asset Management Inc. now owns 552,302 shares of the investment management company’s stock worth $5,225,000 after purchasing an additional 122,585 shares during the period. Raymond James Financial Inc. grew its position in shares of Aberdeen Total Dynamic Dividend Fund by 37.2% during the 2nd quarter. Raymond James Financial Inc. now owns 432,472 shares of the investment management company’s stock valued at $3,832,000 after buying an additional 117,158 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Aberdeen Total Dynamic Dividend Fund by 5.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,128,219 shares of the investment management company’s stock worth $20,132,000 after purchasing an additional 101,304 shares during the period.

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.