Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Update

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD – Get Rating) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 51,200 shares, a decline of 26.1% from the March 15th total of 69,300 shares. Based on an average daily volume of 374,900 shares, the short-interest ratio is presently 0.1 days.

A number of hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp grew its holdings in Aberdeen Total Dynamic Dividend Fund by 18.6% in the third quarter. Sigma Planning Corp now owns 21,471 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 3,368 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Aberdeen Total Dynamic Dividend Fund by 12.4% in the third quarter. Commonwealth Equity Services LLC now owns 131,011 shares of the investment management company’s stock valued at $1,276,000 after purchasing an additional 14,406 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 12.5% in the third quarter. Janney Montgomery Scott LLC now owns 92,905 shares of the investment management company’s stock valued at $905,000 after acquiring an additional 10,326 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its position in Aberdeen Total Dynamic Dividend Fund by 3.1% during the third quarter. Vanguard Capital Wealth Advisors now owns 37,064 shares of the investment management company’s stock worth $361,000 after buying an additional 1,110 shares during the period. Finally, Waterfront Wealth Inc. purchased a new position in Aberdeen Total Dynamic Dividend Fund during the third quarter worth about $2,226,000.

AOD stock traded down $0.06 on Friday, reaching $9.47. 177,356 shares of the company’s stock were exchanged, compared to its average volume of 365,645. The stock has a fifty day moving average of $9.50 and a 200-day moving average of $9.83. Aberdeen Total Dynamic Dividend Fund has a twelve month low of $8.80 and a twelve month high of $10.50.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Friday, April 22nd will be issued a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Thursday, April 21st.

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