Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Sees Significant Growth in Short Interest

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 199,900 shares, a growth of 36.1% from the May 15th total of 146,900 shares. Based on an average daily volume of 121,100 shares, the short-interest ratio is presently 1.7 days.

Abrdn Global Dynamic Dividend Fund Stock Up 0.1%

Shares of AGD stock traded up $0.01 during trading hours on Tuesday, reaching $10.65. 117,229 shares of the stock were exchanged, compared to its average volume of 103,969. The business’s fifty day moving average is $10.04 and its two-hundred day moving average is $10.06. Abrdn Global Dynamic Dividend Fund has a 12-month low of $8.46 and a 12-month high of $10.70.

Abrdn Global Dynamic Dividend Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.11 per share. This is a boost from Abrdn Global Dynamic Dividend Fund’s previous monthly dividend of $0.10. This represents a $1.32 annualized dividend and a dividend yield of 12.39%. The ex-dividend date is Monday, June 23rd.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of AGD. Almitas Capital LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the 4th quarter worth about $266,000. Quarry LP purchased a new stake in Abrdn Global Dynamic Dividend Fund in the fourth quarter valued at $738,000. Wells Fargo & Company MN boosted its stake in Abrdn Global Dynamic Dividend Fund by 156.8% in the fourth quarter. Wells Fargo & Company MN now owns 366,562 shares of the company’s stock valued at $3,592,000 after acquiring an additional 223,821 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Abrdn Global Dynamic Dividend Fund by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 363,456 shares of the company’s stock worth $3,562,000 after purchasing an additional 15,141 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Abrdn Global Dynamic Dividend Fund by 0.9% during the fourth quarter. LPL Financial LLC now owns 168,102 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,481 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

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.