Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Update

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 68,051 shares, an increase of 36.0% from the January 29th total of 50,046 shares. Based on an average trading volume of 111,327 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 111,327 shares, the short-interest ratio is currently 0.6 days.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of AGD stock traded up $0.05 during mid-day trading on Monday, reaching $12.49. The stock had a trading volume of 108,742 shares, compared to its average volume of 138,154. Abrdn Global Dynamic Dividend Fund has a one year low of $8.46 and a one year high of $13.98. The firm’s 50 day simple moving average is $12.30 and its 200 day simple moving average is $12.10.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in AGD. CoreCap Advisors LLC raised its position in Abrdn Global Dynamic Dividend Fund by 68.5% in the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after purchasing an additional 4,314 shares in the last quarter. NWF Advisory Services Inc. grew its stake 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 valued at $448,000 after purchasing an additional 1,001 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter valued at approximately $148,000. Adapt Wealth Advisors LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter worth approximately $398,000. Finally, Shaker Financial Services LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 4th quarter worth approximately $129,000.

About Abrdn Global Dynamic Dividend Fund

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.