abrdn Global Dynamic Dividend (NYSE:AGD) Sees Large Growth in Short Interest

abrdn Global Dynamic Dividend (NYSE:AGDGet Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 11,800 shares, an increase of 24.2% from the January 15th total of 9,500 shares. Based on an average daily trading volume, of 64,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On abrdn Global Dynamic Dividend

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of abrdn Global Dynamic Dividend by 101.7% in the 1st quarter. Bank of America Corp DE now owns 633,493 shares of the company’s stock worth $5,910,000 after acquiring an additional 319,463 shares during the period. Karpus Management Inc. grew its holdings in shares of abrdn Global Dynamic Dividend by 29.5% in the 3rd quarter. Karpus Management Inc. now owns 605,380 shares of the company’s stock worth $5,243,000 after acquiring an additional 137,850 shares during the period. Saba Capital Management L.P. grew its holdings in shares of abrdn Global Dynamic Dividend by 55.3% in the 3rd quarter. Saba Capital Management L.P. now owns 372,783 shares of the company’s stock worth $3,228,000 after acquiring an additional 132,688 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of abrdn Global Dynamic Dividend by 22.3% in the 1st quarter. Advisors Asset Management Inc. now owns 634,758 shares of the company’s stock worth $7,109,000 after acquiring an additional 115,786 shares during the period. Finally, Investment Partners Asset Management Inc. acquired a new stake in shares of abrdn Global Dynamic Dividend in the 4th quarter worth approximately $1,059,000.

abrdn Global Dynamic Dividend Price Performance

Shares of AGD stock opened at $9.45 on Tuesday. The stock has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $9.08. abrdn Global Dynamic Dividend has a 12-month low of $8.20 and a 12-month high of $10.13.

abrdn Global Dynamic Dividend Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Wednesday, February 21st.

abrdn Global Dynamic Dividend Company Profile

(Get Free Report)

abrdn Global Dynamic Dividend Fund is a mutual fund, closed-end investment trust. It focuses on long-term growth of capital and seeks high current dividend income. The company was founded on May 11, 2006 and is headquartered in Philadelphia, PA.

Read More

Receive News & Ratings for abrdn Global Dynamic Dividend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Global Dynamic Dividend and related companies with MarketBeat.com's FREE daily email newsletter.