Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Drops By 20.6%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 280,400 shares, a drop of 20.6% from the July 31st total of 353,100 shares. Based on an average daily volume of 118,700 shares, the short-interest ratio is presently 2.4 days. Based on an average daily volume of 118,700 shares, the short-interest ratio is presently 2.4 days.

Abrdn Global Dynamic Dividend Fund Trading Up 0.7%

Shares of NYSE AGD opened at $12.38 on Thursday. Abrdn Global Dynamic Dividend Fund has a 1 year low of $8.46 and a 1 year high of $12.40. The company’s 50-day moving average is $11.51 and its 200 day moving average is $10.60.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.11 per share. The ex-dividend date was Friday, August 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its position in Abrdn Global Dynamic Dividend Fund by 9.6% during the 4th quarter. Stifel Financial Corp now owns 11,440 shares of the company’s stock valued at $112,000 after acquiring an additional 1,000 shares during the period. Onyx Bridge Wealth Group LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter valued at approximately $114,000. Citadel Advisors LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the fourth quarter valued at approximately $114,000. XTX Topco Ltd purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter valued at approximately $135,000. Finally, Cetera Investment Advisers boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 22.2% in the 1st quarter. Cetera Investment Advisers now owns 15,553 shares of the company’s stock worth $155,000 after purchasing an additional 2,826 shares in the last quarter.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.