abrdn Global Dynamic Dividend (NYSE:AGD) Short Interest Update

abrdn Global Dynamic Dividend (NYSE:AGD) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 23,100 shares, a growth of 62.7% from the February 29th total of 14,200 shares. Based on an average daily volume of 61,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On abrdn Global Dynamic Dividend

Several institutional investors and hedge funds have recently modified their holdings of AGD. NewEdge Advisors LLC increased its position in abrdn Global Dynamic Dividend by 14.8% during the first quarter. NewEdge Advisors LLC now owns 30,220 shares of the company’s stock valued at $338,000 after acquiring an additional 3,900 shares during the last quarter. Royal Bank of Canada boosted its stake 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 purchasing an additional 3,526 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of abrdn Global Dynamic Dividend by 22.3% during the first quarter. Advisors Asset Management Inc. now owns 634,758 shares of the company’s stock valued at $7,109,000 after purchasing an additional 115,786 shares during the period. UBS Group AG boosted its stake in shares of abrdn Global Dynamic Dividend by 6.3% during the second quarter. UBS Group AG now owns 141,713 shares of the company’s stock valued at $1,328,000 after purchasing an additional 8,424 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of abrdn Global Dynamic Dividend by 21.3% during the third 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 period.

abrdn Global Dynamic Dividend Price Performance

NYSE:AGD traded up $0.06 during trading hours on Friday, hitting $9.70. 63,117 shares of the stock traded hands, compared to its average volume of 61,608. abrdn Global Dynamic Dividend has a 1 year low of $8.20 and a 1 year high of $9.78. The stock has a 50 day moving average price of $9.44 and a 200 day moving average price of $9.13.

abrdn Global Dynamic Dividend Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.04%. The ex-dividend date was Wednesday, March 20th.

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.