Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Increases By 40.1%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 762,838 shares, a growth of 40.1% from the February 12th total of 544,485 shares. Based on an average daily volume of 629,786 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 629,786 shares, the short-interest ratio is presently 1.2 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

Aberdeen Total Dynamic Dividend Fund stock opened at $9.53 on Monday. Aberdeen Total Dynamic Dividend Fund has a fifty-two week low of $6.99 and a fifty-two week high of $10.77. The stock has a fifty day moving average of $10.10 and a two-hundred day moving average of $9.72.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

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

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in Aberdeen Total Dynamic Dividend Fund in the 1st quarter worth about $85,000. CWM LLC raised its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 14.1% during the 4th quarter. CWM LLC now owns 9,443 shares of the investment management company’s stock valued at $92,000 after buying an additional 1,166 shares during the period. Syverson Strege & Co purchased a new stake in Aberdeen Total Dynamic Dividend Fund during the 3rd quarter worth $97,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 242.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,411 shares of the investment management company’s stock worth $101,000 after buying an additional 8,080 shares in the last quarter. Finally, Quarry LP purchased a new position in Aberdeen Total Dynamic Dividend Fund in the 4th quarter valued at about $103,000.

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.