Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Drops By 23.2%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 298,200 shares, a drop of 23.2% from the February 13th total of 388,300 shares. Based on an average daily volume of 538,200 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors have recently modified their holdings of AOD. Oppenheimer & Co. Inc. raised its position in shares of Aberdeen Total Dynamic Dividend Fund by 32.9% in the third quarter. Oppenheimer & Co. Inc. now owns 166,749 shares of the investment management company’s stock valued at $1,517,000 after purchasing an additional 41,305 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the third quarter worth $464,000. Pathstone Holdings LLC grew its stake in shares of Aberdeen Total Dynamic Dividend Fund by 23.9% in the third quarter. Pathstone Holdings LLC now owns 2,978,244 shares of the investment management company’s stock worth $27,110,000 after acquiring an additional 574,145 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Aberdeen Total Dynamic Dividend Fund by 53.8% in the third quarter. IHT Wealth Management LLC now owns 164,165 shares of the investment management company’s stock worth $1,490,000 after acquiring an additional 57,398 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the third quarter worth $301,000.

Aberdeen Total Dynamic Dividend Fund Trading Up 0.8 %

Shares of NYSE:AOD traded up $0.07 during trading on Monday, reaching $8.58. The stock had a trading volume of 136,550 shares, compared to its average volume of 395,590. Aberdeen Total Dynamic Dividend Fund has a 52 week low of $7.73 and a 52 week high of $9.14. The stock has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.74.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The company 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 $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.99%. The ex-dividend date is Tuesday, March 25th.