Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Large Increase in Short Interest

Aberdeen Total Dynamic Dividend Fund (NYSE:AODGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 221,732 shares, a growth of 123.6% from the April 30th total of 99,152 shares. Based on an average daily volume of 341,650 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Penserra Capital Management LLC raised its position in Aberdeen Total Dynamic Dividend Fund by 5.0% in the third quarter. Penserra Capital Management LLC now owns 2,128,219 shares of the investment management company’s stock worth $20,132,000 after acquiring an additional 101,304 shares in the last quarter. Guggenheim Capital LLC raised its position in Aberdeen Total Dynamic Dividend Fund by 30.1% in the fourth quarter. Guggenheim Capital LLC now owns 937,402 shares of the investment management company’s stock worth $9,140,000 after acquiring an additional 216,755 shares in the last quarter. Advisors Asset Management Inc. raised its position in Aberdeen Total Dynamic Dividend Fund by 19.6% in the fourth quarter. Advisors Asset Management Inc. now owns 660,362 shares of the investment management company’s stock worth $6,439,000 after acquiring an additional 108,060 shares in the last quarter. Cetera Investment Advisers raised its position in Aberdeen Total Dynamic Dividend Fund by 19.1% in the first quarter. Cetera Investment Advisers now owns 588,528 shares of the investment management company’s stock worth $5,420,000 after acquiring an additional 94,334 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Aberdeen Total Dynamic Dividend Fund by 3.8% in the third quarter. Bank of America Corp DE now owns 514,604 shares of the investment management company’s stock worth $4,868,000 after acquiring an additional 19,040 shares in the last quarter.

Aberdeen Total Dynamic Dividend Fund Price Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock traded up $0.14 during trading hours on Tuesday, hitting $10.63. 620,412 shares of the company were exchanged, compared to its average volume of 547,582. Aberdeen Total Dynamic Dividend Fund has a 1 year low of $8.45 and a 1 year high of $10.77. The business has a 50-day moving average of $10.00 and a 200-day moving average of $9.93.

Aberdeen Total Dynamic Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Thursday, May 21st.

About Aberdeen Total Dynamic Dividend Fund

(Get Free Report)

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.

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