Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Up 7.0% in November

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 36,800 shares, an increase of 7.0% from the November 15th total of 34,400 shares. Based on an average daily trading volume, of 95,500 shares, the days-to-cover ratio is presently 0.4 days.

Abrdn Global Dynamic Dividend Fund Trading Down 0.9 %

Shares of NYSE AGD traded down $0.09 during trading on Tuesday, reaching $10.01. 115,279 shares of the stock were exchanged, compared to its average volume of 72,002. The business’s 50-day moving average price is $10.27 and its 200 day moving average price is $10.10. Abrdn Global Dynamic Dividend Fund has a twelve month low of $9.09 and a twelve month high of $10.68.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a dividend of $0.11 per share. This represents a dividend yield of 9.7%. The ex-dividend date is Monday, December 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock worth $670,000 after purchasing an additional 2,816 shares during the last quarter. Logan Stone Capital LLC raised its stake in Abrdn Global Dynamic Dividend Fund by 7.2% during the second quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock valued at $1,035,000 after buying an additional 7,092 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Abrdn Global Dynamic Dividend Fund during the 3rd quarter worth approximately $80,000. Stifel Financial Corp acquired a new position in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter worth approximately $111,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter valued at approximately $119,000.

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.