Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Significant Increase in Short Interest

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 196,100 shares, a growth of 115.0% from the December 31st total of 91,200 shares. Based on an average trading volume of 399,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund in the third quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its position in Aberdeen Total Dynamic Dividend Fund by 787.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,778 shares of the investment management company’s stock worth $49,000 after purchasing an additional 5,127 shares in the last quarter. CWM LLC raised its stake in Aberdeen Total Dynamic Dividend Fund by 18.0% during the 3rd quarter. CWM LLC now owns 9,162 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 1,398 shares during the period. SK Wealth Management LLC acquired a new stake in Aberdeen Total Dynamic Dividend Fund during the 3rd quarter valued at $105,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at $112,000.

Aberdeen Total Dynamic Dividend Fund Stock Performance

Shares of NYSE AOD traded down $0.08 during mid-day trading on Wednesday, reaching $8.59. The company had a trading volume of 316,746 shares, compared to its average volume of 750,564. The company has a 50-day moving average price of $8.61 and a two-hundred day moving average price of $8.73. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.73 and a 1-year high of $9.14.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.20 annualized dividend and a yield of 13.98%.