Abrdn Global Dynamic Dividend Fund (NYSE:AGD – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 22,671 shares, a decrease of 69.3% from the September 30th total of 73,950 shares. Based on an average daily trading volume, of 87,770 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Abrdn Global Dynamic Dividend Fund
Institutional investors have recently modified their holdings of the company. Axiom Investment Management LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the first quarter worth $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth $53,000. Fifth Third Bancorp purchased a new stake in shares of Abrdn Global Dynamic Dividend Fund in the first quarter worth about $90,000. Evolve Private Wealth LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth approximately $156,000. Finally, CoreCap Advisors LLC grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 115.5% during the 2nd quarter. CoreCap Advisors LLC now owns 20,417 shares of the company’s stock worth $247,000 after purchasing an additional 10,942 shares during the period.
Abrdn Global Dynamic Dividend Fund Trading Up 1.8%
AGD traded up $0.20 on Thursday, reaching $11.33. 136,221 shares of the company traded hands, compared to its average volume of 112,022. The firm has a fifty day simple moving average of $11.70 and a two-hundred day simple moving average of $12.03. Abrdn Global Dynamic Dividend Fund has a one year low of $10.41 and a one year high of $12.89.
Abrdn Global Dynamic Dividend Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 12.7%.
Abrdn Global Dynamic Dividend Fund Company Profile
abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment fund that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies around the world.
Its portfolio may include common stocks, preferred securities, real estate investment trusts and other income-producing investments. The fund uses a flexible, globally diversified approach, allowing it to invest across industries, companies and geographic regions as its investment managers identify opportunities for dividend income and capital appreciation.
The fund was launched in 2006 and was formerly known as Alpine Global Dynamic Dividend Fund before becoming associated with Aberdeen, now abrdn.
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