Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Rises By 237.3%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 90,562 shares, an increase of 237.3% from the August 15th total of 26,853 shares. Based on an average daily volume of 82,181 shares, the short-interest ratio is presently 1.1 days.

Abrdn Global Dynamic Dividend Fund Stock Performance

AGD traded down $0.04 during trading on Monday, reaching $11.91. The stock had a trading volume of 18,005 shares, compared to its average volume of 113,856. Abrdn Global Dynamic Dividend Fund has a 1-year low of $10.41 and a 1-year high of $13.98. The stock has a 50 day moving average of $12.20 and a two-hundred day moving average of $12.08.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGD. Kovack Advisors Inc. bought a new stake in Abrdn Global Dynamic Dividend Fund in the fourth quarter worth about $303,000. Evolve Private Wealth LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 4th quarter valued at about $160,000. Janney Montgomery Scott LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 4th quarter valued at about $156,000. XTX Topco Ltd acquired a new position in shares of Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth approximately $135,000. Finally, Bank of America Corp DE acquired a new position in shares of Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth approximately $6,442,000.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.