Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Up 780.8% in April

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 62,819 shares, a growth of 780.8% from the April 15th total of 7,132 shares. Based on an average daily volume of 111,496 shares, the days-to-cover ratio is presently 0.6 days.

Abrdn Global Dynamic Dividend Fund Trading Down 0.2%

Shares of AGD opened at $12.59 on Thursday. The company has a 50-day simple moving average of $11.77 and a 200-day simple moving average of $11.89. Abrdn Global Dynamic Dividend Fund has a 52-week low of $10.13 and a 52-week high of $13.98.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. NWF Advisory Services Inc. grew its holdings in shares of Abrdn Global Dynamic Dividend Fund by 3.1% in the 3rd quarter. NWF Advisory Services Inc. now owns 33,658 shares of the company’s stock worth $448,000 after acquiring an additional 1,001 shares during the period. Kapstone Financial Advisors LLC boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 9.4% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 19,750 shares of the company’s stock worth $263,000 after buying an additional 1,700 shares in the last quarter. Truist Financial Corp boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 12.3% in the 3rd quarter. Truist Financial Corp now owns 15,923 shares of the company’s stock worth $212,000 after buying an additional 1,739 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 0.3% in the 3rd quarter. Penserra Capital Management LLC now owns 683,911 shares of the company’s stock worth $9,109,000 after buying an additional 1,911 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 68.5% in the 3rd quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after buying an additional 4,314 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

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.