Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Increases By 237.3%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 90,562 shares, an increase of 237.3% from the August 15th total of 26,853 shares. Based on an average trading volume of 82,181 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in Abrdn Global Dynamic Dividend Fund by 3.0% in the 2nd quarter. HighTower Advisors LLC now owns 32,240 shares of the company’s stock valued at $390,000 after acquiring an additional 926 shares during the period. Bank of America Corp DE acquired a new position in Abrdn Global Dynamic Dividend Fund during the second quarter worth $6,442,000. Northwestern Mutual Wealth Management Co. purchased a new position in Abrdn Global Dynamic Dividend Fund during the second quarter valued at $53,000. Evolve Private Wealth LLC purchased a new position in Abrdn Global Dynamic Dividend Fund during the second quarter valued at $156,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Abrdn Global Dynamic Dividend Fund by 1.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock valued at $3,756,000 after purchasing an additional 3,715 shares during the period.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of Abrdn Global Dynamic Dividend Fund stock traded up $0.13 on Friday, hitting $11.95. The company’s stock had a trading volume of 58,844 shares, compared to its average volume of 114,427. Abrdn Global Dynamic Dividend Fund has a 1 year low of $10.41 and a 1 year high of $13.98. The firm has a fifty day moving average price of $12.20 and a 200-day moving average price of $12.09.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were given a $0.12 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

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.