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

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 298,200 shares, a decrease of 23.2% from the February 13th total of 388,300 shares. Based on an average daily volume of 538,200 shares, the short-interest ratio is currently 0.6 days.

Aberdeen Total Dynamic Dividend Fund Stock Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock traded up $0.08 during trading on Wednesday, reaching $8.64. 50,046 shares of the stock were exchanged, compared to its average volume of 395,213. The stock’s fifty day moving average is $8.64 and its 200 day moving average is $8.74. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $1.20 annualized dividend and a yield of 13.90%.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Large investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 1,066.7% during the fourth quarter. Allworth Financial LP now owns 3,500 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 3,200 shares during the last quarter. IFP Advisors Inc grew its position in Aberdeen Total Dynamic Dividend Fund by 40.4% in the 4th quarter. IFP Advisors Inc now owns 9,390 shares of the investment management company’s stock worth $79,000 after purchasing an additional 2,700 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Aberdeen Total Dynamic Dividend Fund by 177.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,463 shares of the investment management company’s stock worth $80,000 after purchasing an additional 6,053 shares during the period. Moors & Cabot Inc. bought a new stake in Aberdeen Total Dynamic Dividend Fund in the 4th quarter worth approximately $92,000. Finally, O Brien Greene & Co. Inc bought a new stake in Aberdeen Total Dynamic Dividend Fund in the 4th quarter worth approximately $95,000.