Short Interest in abrdn Global Dynamic Dividend (NYSE:AGD) Declines By 5.2%

abrdn Global Dynamic Dividend (NYSE:AGD) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 21,900 shares, a decrease of 5.2% from the March 15th total of 23,100 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On abrdn Global Dynamic Dividend

Several hedge funds have recently bought and sold shares of AGD. NewEdge Advisors LLC increased its position in abrdn Global Dynamic Dividend by 14.8% during the 1st quarter. NewEdge Advisors LLC now owns 30,220 shares of the company’s stock valued at $338,000 after buying an additional 3,900 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of abrdn Global Dynamic Dividend by 8.4% during the first quarter. Royal Bank of Canada now owns 45,650 shares of the company’s stock valued at $511,000 after acquiring an additional 3,526 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of abrdn Global Dynamic Dividend by 22.3% in the 1st quarter. Advisors Asset Management Inc. now owns 634,758 shares of the company’s stock worth $7,109,000 after purchasing an additional 115,786 shares during the last quarter. UBS Group AG boosted its stake in abrdn Global Dynamic Dividend by 6.3% in the 2nd quarter. UBS Group AG now owns 141,713 shares of the company’s stock worth $1,328,000 after purchasing an additional 8,424 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in abrdn Global Dynamic Dividend by 21.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,856 shares of the company’s stock valued at $412,000 after purchasing an additional 8,578 shares during the last quarter.

abrdn Global Dynamic Dividend Trading Up 0.3 %

NYSE AGD opened at $9.17 on Thursday. The stock has a 50 day simple moving average of $9.49 and a two-hundred day simple moving average of $9.17. abrdn Global Dynamic Dividend has a fifty-two week low of $8.20 and a fifty-two week high of $9.78.

abrdn Global Dynamic Dividend Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.065 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.78 annualized dividend and a dividend yield of 8.51%.

About abrdn Global Dynamic Dividend

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.