Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Increases By 26.6%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 30,604 shares, an increase of 26.6% from the December 15th total of 24,181 shares. Based on an average trading volume of 101,183 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 101,183 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Global Dynamic Dividend Fund Stock Performance

AGD stock traded up $0.15 during trading hours on Monday, hitting $12.40. The company’s stock had a trading volume of 256,087 shares, compared to its average volume of 161,844. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $11.85. Abrdn Global Dynamic Dividend Fund has a 12 month low of $8.46 and a 12 month high of $13.98.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be given a $0.12 dividend. The ex-dividend date is Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC bought a new position in Abrdn Global Dynamic Dividend Fund in the second quarter worth $114,000. CoreCap Advisors LLC lifted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 68.5% during the 3rd quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after acquiring an additional 4,314 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the 3rd quarter valued at about $148,000. XTX Topco Ltd bought a new stake in Abrdn Global Dynamic Dividend Fund in the second quarter valued at about $135,000. Finally, Kovack Advisors Inc. bought a new stake in Abrdn Global Dynamic Dividend Fund in the second quarter valued at about $160,000.

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.