Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Significant Increase in Short Interest

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

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Several large investors have recently made changes to their positions in AOD. AQR Capital Management LLC purchased a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the 1st quarter worth approximately $85,000. NewEdge Advisors LLC grew its stake in shares of Aberdeen Total Dynamic Dividend Fund by 25.5% in the first quarter. NewEdge Advisors LLC now owns 99,207 shares of the investment management company’s stock worth $832,000 after acquiring an additional 20,159 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the first quarter worth $156,000. Stolper Co increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 3.8% during the second quarter. Stolper Co now owns 98,507 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 3,611 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Aberdeen Total Dynamic Dividend Fund by 5.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 51,674 shares of the investment management company’s stock worth $458,000 after purchasing an additional 2,724 shares during the last quarter.

Aberdeen Total Dynamic Dividend Fund Price Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock opened at $9.97 on Friday. Aberdeen Total Dynamic Dividend Fund has a 12 month low of $6.99 and a 12 month high of $10.18. The business has a fifty day simple moving average of $9.70 and a two-hundred day simple moving average of $9.40.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Friday, January 23rd.

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.