Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Short Interest Report for October

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 22,671 shares, a drop of 69.3% from the September 30th total of 73,950 shares. Based on an average daily volume of 87,770 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Global Dynamic Dividend Fund Trading Up 0.2%

Shares of NYSE AGD opened at $11.09 on Wednesday. The company has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $12.04. Abrdn Global Dynamic Dividend Fund has a 1 year low of $10.41 and a 1 year high of $12.89.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.44 annualized dividend and a dividend yield of 13.0%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently modified their holdings of AGD. Bank of America Corp DE acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter valued at about $6,442,000. International Assets Investment Management LLC raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 32.2% in the first quarter. International Assets Investment Management LLC now owns 187,227 shares of the company’s stock valued at $2,059,000 after purchasing an additional 45,632 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Abrdn Global Dynamic Dividend Fund by 21.4% in the 1st quarter. Royal Bank of Canada now owns 183,901 shares of the company’s stock worth $1,986,000 after buying an additional 32,424 shares during the last quarter. Evolve Private Wealth LLC bought a new position in Abrdn Global Dynamic Dividend Fund in the 2nd quarter valued at $156,000. Finally, CoreCap Advisors LLC raised its stake in shares of Abrdn Global Dynamic Dividend Fund by 115.5% during the 2nd quarter. CoreCap Advisors LLC now owns 20,417 shares of the company’s stock worth $247,000 after purchasing an additional 10,942 shares during the period.

Abrdn Global Dynamic Dividend Fund Company Profile

abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment fund that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies around the world.

Its portfolio may include common stocks, preferred securities, real estate investment trusts and other income-producing investments. The fund uses a flexible, globally diversified approach, allowing it to invest across industries, companies and geographic regions as its investment managers identify opportunities for dividend income and capital appreciation.

The fund was launched in 2006 and was formerly known as Alpine Global Dynamic Dividend Fund before becoming associated with Aberdeen, now abrdn.