Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Large Growth in Short Interest

by · The Cerbat Gem

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD – Get Free Report) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 184,100 shares, an increase of 17.9% from the October 31st total of 156,100 shares. Based on an average trading volume of 353,700 shares, the days-to-cover ratio is currently 0.5 days.

Aberdeen Total Dynamic Dividend Fund Stock Performance

NYSE:AOD traded up $0.10 on Friday, reaching $8.80. 424,320 shares of the stock traded hands, compared to its average volume of 339,333. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.73 and a 1-year high of $9.14. The company’s 50 day moving average is $8.88 and its 200-day moving average is $8.67.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 13.64%. The ex-dividend date was Thursday, November 21st.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of AOD. Cetera Advisors LLC bought a new stake in Aberdeen Total Dynamic Dividend Fund in the first quarter worth approximately $126,000. Integrated Capital Management Inc. lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 7.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 27,609 shares of the investment management company’s stock valued at $232,000 after acquiring an additional 1,996 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Aberdeen Total Dynamic Dividend Fund by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,939 shares of the investment management company’s stock worth $412,000 after acquiring an additional 1,509 shares in the last quarter. Atticus Wealth Management LLC increased its stake in Aberdeen Total Dynamic Dividend Fund by 37.4% in the second quarter. Atticus Wealth Management LLC now owns 5,343 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Aberdeen Total Dynamic Dividend Fund by 33.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 375,054 shares of the investment management company’s stock worth $3,154,000 after purchasing an additional 93,574 shares in the last quarter.

Recommended Stories