Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Short Interest Update

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 27,300 shares, a decline of 62.5% from the December 15th total of 72,800 shares. Based on an average daily trading volume, of 107,800 shares, the short-interest ratio is presently 0.3 days.

Abrdn Global Dynamic Dividend Fund Stock Performance

Shares of NYSE AGD opened at $10.09 on Thursday. Abrdn Global Dynamic Dividend Fund has a twelve month low of $9.09 and a twelve month high of $10.68. The stock’s 50 day moving average price is $10.06 and its 200-day moving average price is $10.13.

Abrdn Global Dynamic Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.08%.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

A number of hedge funds have recently modified their holdings of AGD. Commonwealth Equity Services LLC raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock worth $670,000 after purchasing an additional 2,816 shares during the period. Cornerstone Advisors LLC raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 417.8% in the 2nd quarter. Cornerstone Advisors LLC now owns 70,067 shares of the company’s stock worth $684,000 after purchasing an additional 56,536 shares during the period. Logan Stone Capital LLC raised its holdings in Abrdn Global Dynamic Dividend Fund by 7.2% during the 2nd quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock valued at $1,035,000 after acquiring an additional 7,092 shares during the period. Sanctuary Advisors LLC bought a new stake in Abrdn Global Dynamic Dividend Fund during the 2nd quarter valued at $452,000. Finally, Pathstone Holdings LLC raised its holdings in Abrdn Global Dynamic Dividend Fund by 28.5% during the 3rd quarter. Pathstone Holdings LLC now owns 408,798 shares of the company’s stock valued at $4,343,000 after acquiring an additional 90,780 shares during the period.

Abrdn Global Dynamic Dividend Fund Company Profile

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.