Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Down 37.0% in March

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 188,000 shares, a drop of 37.0% from the February 28th total of 298,200 shares. Based on an average daily trading volume, of 511,100 shares, the short-interest ratio is presently 0.4 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

NYSE:AOD traded down $0.09 during trading hours on Friday, hitting $8.39. 537,976 shares of the company’s stock traded hands, compared to its average volume of 403,345. Aberdeen Total Dynamic Dividend Fund has a 52 week low of $7.73 and a 52 week high of $9.14. The business’s fifty day simple moving average is $8.64 and its two-hundred day simple moving average is $8.72.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 14.31%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its position in Aberdeen Total Dynamic Dividend Fund by 3.7% during the fourth quarter. LPL Financial LLC now owns 706,447 shares of the investment management company’s stock valued at $5,941,000 after acquiring an additional 25,367 shares during the last quarter. Sit Investment Associates Inc. boosted its position in Aberdeen Total Dynamic Dividend Fund by 189.2% during the fourth quarter. Sit Investment Associates Inc. now owns 529,152 shares of the investment management company’s stock valued at $4,450,000 after buying an additional 346,177 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 8.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 478,807 shares of the investment management company’s stock worth $4,027,000 after buying an additional 36,945 shares during the period. CF Capital LLC bought a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the 4th quarter valued at about $3,448,000. Finally, WNY Asset Management LLC grew its position in Aberdeen Total Dynamic Dividend Fund by 27.1% during the 4th quarter. WNY Asset Management LLC now owns 386,248 shares of the investment management company’s stock worth $3,248,000 after acquiring an additional 82,293 shares during the last quarter.