Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Increases By 24.2%

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 50,046 shares, a growth of 24.2% from the January 15th total of 40,296 shares. Based on an average trading volume of 146,768 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 146,768 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC purchased a new position in Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth approximately $114,000. CoreCap Advisors LLC raised its stake in Abrdn Global Dynamic Dividend Fund by 68.5% in the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after buying an additional 4,314 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the third quarter worth about $148,000. Shaker Financial Services LLC bought a new stake in Abrdn Global Dynamic Dividend Fund during the 4th quarter valued at approximately $129,000. Finally, XTX Topco Ltd purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth approximately $135,000.

Abrdn Global Dynamic Dividend Fund Trading Down 1.1%

Shares of AGD stock traded down $0.14 during trading hours on Tuesday, hitting $12.61. 141,693 shares of the company were exchanged, compared to its average volume of 136,955. The firm has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $12.02. Abrdn Global Dynamic Dividend Fund has a 52-week low of $8.46 and a 52-week high of $13.98.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Friday, February 20th.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.