Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Declines By 13.9%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 164,100 shares, a decrease of 13.9% from the February 28th total of 190,600 shares. Based on an average trading volume of 115,000 shares, the short-interest ratio is presently 1.4 days.

Abrdn Global Dynamic Dividend Fund Trading Down 2.4 %

NYSE:AGD traded down $0.24 during trading hours on Thursday, reaching $9.76. 83,338 shares of the company were exchanged, compared to its average volume of 86,894. The business has a 50 day moving average of $10.20 and a 200 day moving average of $10.20. Abrdn Global Dynamic Dividend Fund has a 1-year low of $9.10 and a 1-year high of $10.68.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 13.52%. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in shares of Abrdn Global Dynamic Dividend Fund by 9.6% in the 4th quarter. Stifel Financial Corp now owns 11,440 shares of the company’s stock valued at $112,000 after purchasing an additional 1,000 shares in the last quarter. LPL Financial LLC boosted its position in Abrdn Global Dynamic Dividend Fund by 0.9% in the fourth quarter. LPL Financial LLC now owns 168,102 shares of the company’s stock valued at $1,647,000 after buying an additional 1,481 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 625.0% during the fourth quarter. IFP Advisors Inc now owns 2,900 shares of the company’s stock worth $28,000 after buying an additional 2,500 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 68,534 shares of the company’s stock worth $672,000 after buying an additional 2,668 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Abrdn Global Dynamic Dividend Fund by 6.9% in the 4th quarter. Park Avenue Securities LLC now owns 70,848 shares of the company’s stock valued at $694,000 after acquiring an additional 4,589 shares during 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.