Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Rises By 45.3%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 881,210 shares, a growth of 45.3% from the December 15th total of 606,635 shares. Based on an average daily trading volume, of 553,635 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 553,635 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of AOD. Allspring Global Investments Holdings LLC raised its position in shares of Aberdeen Total Dynamic Dividend Fund by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,347,407 shares of the investment management company’s stock valued at $20,798,000 after buying an additional 18,691 shares during the last quarter. Penserra Capital Management LLC increased its stake in Aberdeen Total Dynamic Dividend Fund by 5.0% during the third quarter. Penserra Capital Management LLC now owns 2,128,219 shares of the investment management company’s stock valued at $20,132,000 after acquiring an additional 101,304 shares during the period. Waterfront Wealth Inc. raised its holdings in Aberdeen Total Dynamic Dividend Fund by 6.8% in the 2nd quarter. Waterfront Wealth Inc. now owns 776,633 shares of the investment management company’s stock valued at $6,881,000 after acquiring an additional 49,541 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 15.3% in the 2nd quarter. WNY Asset Management LLC now owns 650,125 shares of the investment management company’s stock worth $5,760,000 after acquiring an additional 86,181 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 45.6% during the 2nd quarter. Guggenheim Capital LLC now owns 594,234 shares of the investment management company’s stock worth $5,265,000 after purchasing an additional 186,100 shares in the last quarter.

Aberdeen Total Dynamic Dividend Fund Stock Down 0.4%

Shares of AOD stock traded down $0.05 during trading hours on Friday, reaching $9.97. 866,192 shares of the company’s stock were exchanged, compared to its average volume of 611,754. Aberdeen Total Dynamic Dividend Fund has a fifty-two week low of $6.99 and a fifty-two week high of $10.18. The business has a fifty day moving average price of $9.70 and a 200-day moving average price of $9.41.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date is Friday, January 23rd.

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.