Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Down 60.5% in December

by · The Markets Daily

Abrdn Global Dynamic Dividend Fund (NYSE:AGD – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 24,181 shares, a decline of 60.5% from the November 30th total of 61,271 shares. Based on an average daily volume of 95,449 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 95,449 shares, the short-interest ratio is presently 0.3 days.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of NYSE:AGD traded up $0.11 during midday trading on Friday, hitting $12.23. The company had a trading volume of 54,780 shares, compared to its average volume of 130,424. Abrdn Global Dynamic Dividend Fund has a twelve month low of $8.46 and a twelve month high of $13.98. The business’s 50-day simple moving average is $11.62 and its 200-day simple moving average is $11.68.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date is Wednesday, December 31st.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kapstone Financial Advisors LLC boosted its stake in Abrdn Global Dynamic Dividend Fund by 37.3% during the second quarter. Kapstone Financial Advisors LLC now owns 18,050 shares of the company’s stock worth $199,000 after buying an additional 4,900 shares during the period. International Assets Investment Management LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the second quarter valued at approximately $663,000. Onyx Bridge Wealth Group LLC acquired a new position in Abrdn Global Dynamic Dividend Fund during the second quarter worth $114,000. Kovack Advisors Inc. purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth $160,000. Finally, Penserra Capital Management LLC grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 682,000 shares of the company’s stock valued at $7,529,000 after buying an additional 20,155 shares in the last quarter.

About Abrdn Global Dynamic Dividend Fund

(Get Free Report)

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.

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