Short Interest in Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Declines By 85.7%

Abrdn Global Dynamic Dividend Fund (NYSE:AGDGet Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 37,252 shares, a decline of 85.7% from the July 15th total of 260,800 shares. Based on an average trading volume of 162,057 shares, the short-interest ratio is presently 0.2 days.

Abrdn Global Dynamic Dividend Fund Trading Up 0.5%

NYSE:AGD traded up $0.07 during trading hours on Friday, reaching $12.45. The company had a trading volume of 50,443 shares, compared to its average volume of 118,996. Abrdn Global Dynamic Dividend Fund has a twelve month low of $10.41 and a twelve month high of $13.98. The business’s 50-day simple moving average is $12.15 and its two-hundred day simple moving average is $12.11.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.12 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 11.6%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its position in shares of Abrdn Global Dynamic Dividend Fund by 82.4% during the second quarter. Raymond James Financial Inc. now owns 373,022 shares of the company’s stock worth $4,118,000 after purchasing an additional 168,549 shares during the period. Bank of America Corp DE raised its holdings in Abrdn Global Dynamic Dividend Fund by 18.6% during the second quarter. Bank of America Corp DE now owns 544,301 shares of the company’s stock worth $6,009,000 after buying an additional 85,449 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Abrdn Global Dynamic Dividend Fund by 42.5% in the fourth quarter. LPL Financial LLC now owns 252,989 shares of the company’s stock valued at $2,950,000 after buying an additional 75,502 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Abrdn Global Dynamic Dividend Fund by 92.6% during the fourth quarter. International Assets Investment Management LLC now owns 141,595 shares of the company’s stock valued at $1,651,000 after buying an additional 68,060 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Abrdn Global Dynamic Dividend Fund by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 207,574 shares of the company’s stock valued at $2,420,000 after buying an additional 51,275 shares during the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

(Get Free Report)

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.

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