Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Expands By 123.6%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 221,732 shares, a growth of 123.6% from the April 30th total of 99,152 shares. Based on an average daily trading volume, of 341,650 shares, the days-to-cover ratio is currently 0.6 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

AOD stock traded down $0.02 during mid-day trading on Friday, reaching $10.47. 478,376 shares of the stock traded hands, compared to its average volume of 546,868. Aberdeen Total Dynamic Dividend Fund has a 52-week low of $8.45 and a 52-week high of $10.77. The stock’s fifty day moving average is $9.98 and its 200-day moving average is $9.92.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Several institutional investors have recently made changes to their positions in AOD. Fifth Third Bancorp purchased a new position in Aberdeen Total Dynamic Dividend Fund during the first quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter valued at $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 valued at $92,000 after buying an additional 1,166 shares during the period. AQR Capital Management LLC acquired a new position in shares of Aberdeen Total Dynamic Dividend Fund in the first quarter worth $85,000. Finally, Syverson Strege & Co acquired a new position in shares of Aberdeen Total Dynamic Dividend Fund in the third quarter worth $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.