Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Update

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 99,152 shares, a drop of 38.4% from the April 15th total of 160,891 shares. Based on an average trading volume of 472,385 shares, the days-to-cover ratio is presently 0.2 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

Aberdeen Total Dynamic Dividend Fund stock traded down $0.03 during trading on Monday, reaching $10.37. The company had a trading volume of 456,285 shares, compared to its average volume of 561,196. The firm’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $9.86. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $8.38 and a 1-year high of $10.77.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 11.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 12.0% in the 1st quarter. Lido Advisors LLC now owns 73,240 shares of the investment management company’s stock valued at $675,000 after purchasing an additional 7,845 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 19.1% in the 1st quarter. Cetera Investment Advisers now owns 588,528 shares of the investment management company’s stock valued at $5,420,000 after purchasing an additional 94,334 shares in the last quarter. Independent Financial Group LLC purchased a new position in Aberdeen Total Dynamic Dividend Fund in the 1st quarter valued at $713,000. Retirement Planning Group LLC purchased a new position in Aberdeen Total Dynamic Dividend Fund in the 1st quarter valued at $123,000. Finally, NWF Advisory Services Inc. lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 7.3% in the 1st quarter. NWF Advisory Services Inc. now owns 100,200 shares of the investment management company’s stock valued at $923,000 after purchasing an additional 6,800 shares in the last quarter.

Aberdeen Total Dynamic Dividend Fund Company Profile

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.