Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Decreases By 83.7%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 124,104 shares, a decline of 83.7% from the February 26th total of 762,838 shares. Based on an average daily volume of 869,334 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 869,334 shares, the days-to-cover ratio is currently 0.1 days.

Aberdeen Total Dynamic Dividend Fund Stock Down 1.9%

Shares of NYSE AOD traded down $0.19 during midday trading on Tuesday, reaching $9.47. 509,483 shares of the stock were exchanged, compared to its average volume of 617,330. The company has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $9.74. Aberdeen Total Dynamic Dividend Fund has a twelve month low of $6.99 and a twelve month high of $10.77.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a $0.11 dividend. This is an increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Tuesday, March 24th.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC increased its position in shares of Aberdeen Total Dynamic Dividend Fund by 5.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,128,219 shares of the investment management company’s stock worth $20,132,000 after purchasing an additional 101,304 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Aberdeen Total Dynamic Dividend Fund by 30.1% in the 4th quarter. Guggenheim Capital LLC now owns 937,402 shares of the investment management company’s stock valued at $9,140,000 after buying an additional 216,755 shares during the period. Advisors Asset Management Inc. lifted its position in Aberdeen Total Dynamic Dividend Fund by 19.6% in the fourth quarter. Advisors Asset Management Inc. now owns 660,362 shares of the investment management company’s stock valued at $6,439,000 after buying an additional 108,060 shares during the last quarter. Bank of America Corp DE lifted its position in Aberdeen Total Dynamic Dividend Fund by 3.8% in the third quarter. Bank of America Corp DE now owns 514,604 shares of the investment management company’s stock valued at $4,868,000 after buying an additional 19,040 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Aberdeen Total Dynamic Dividend Fund by 18.1% during the third quarter. Raymond James Financial Inc. now owns 510,655 shares of the investment management company’s stock worth $4,831,000 after buying an additional 78,183 shares during the period.

Aberdeen Total Dynamic Dividend Fund Company Profile

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.