Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Update

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 99,152 shares, a drop of 38.4% from the April 15th total of 160,891 shares. Based on an average daily trading volume, of 472,385 shares, the short-interest ratio is currently 0.2 days.

Aberdeen Total Dynamic Dividend Fund Stock Performance

Shares of NYSE:AOD traded down $0.03 on Monday, reaching $10.37. The company’s stock had a trading volume of 456,285 shares, compared to its average volume of 561,196. Aberdeen Total Dynamic Dividend Fund has a 52-week low of $8.38 and a 52-week high of $10.77. The company has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $9.86.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, May 21st.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth about $28,000. Ascentis Independent Advisors purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth about $56,000. CWM LLC boosted its stake in shares of Aberdeen Total Dynamic Dividend Fund by 14.1% during the 4th quarter. CWM LLC now owns 9,443 shares of the investment management company’s stock worth $92,000 after purchasing an additional 1,166 shares during the period. AQR Capital Management LLC purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth about $85,000. Finally, Syverson Strege & Co purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 3rd quarter worth about $97,000.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.