Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Short Interest Report for October

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 22,671 shares, a decline of 69.3% from the September 30th total of 73,950 shares. Based on an average trading volume of 87,770 shares, the short-interest ratio is presently 0.3 days.

Abrdn Global Dynamic Dividend Fund Trading Down 1.5%

NYSE:AGD traded down $0.17 during trading hours on Friday, reaching $11.17. The company had a trading volume of 176,124 shares, compared to its average volume of 112,331. The business’s 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $12.03. Abrdn Global Dynamic Dividend Fund has a twelve month low of $10.41 and a twelve month high of $12.89.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Several large investors have recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in Abrdn Global Dynamic Dividend Fund by 5.6% in the third quarter. CoreCap Advisors LLC now owns 21,558 shares of the company’s stock valued at $253,000 after acquiring an additional 1,141 shares during the period. HighTower Advisors LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 3.0% during the second quarter. HighTower Advisors LLC now owns 32,240 shares of the company’s stock valued at $390,000 after acquiring an additional 926 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Abrdn Global Dynamic Dividend Fund during the second quarter valued at approximately $6,442,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth approximately $53,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth approximately $156,000.

About Abrdn Global Dynamic Dividend Fund

abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment fund that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies around the world.

Its portfolio may include common stocks, preferred securities, real estate investment trusts and other income-producing investments. The fund uses a flexible, globally diversified approach, allowing it to invest across industries, companies and geographic regions as its investment managers identify opportunities for dividend income and capital appreciation.

The fund was launched in 2006 and was formerly known as Alpine Global Dynamic Dividend Fund before becoming associated with Aberdeen, now abrdn.