abrdn Global Dynamic Dividend (NYSE:AGD) Sees Significant Decrease in Short Interest

abrdn Global Dynamic Dividend (NYSE:AGD) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 21,900 shares, a decrease of 5.2% from the March 15th total of 23,100 shares. Based on an average daily volume of 60,100 shares, the short-interest ratio is currently 0.4 days.

abrdn Global Dynamic Dividend Price Performance

Shares of abrdn Global Dynamic Dividend stock opened at $9.16 on Tuesday. abrdn Global Dynamic Dividend has a 12 month low of $8.20 and a 12 month high of $9.78. The stock has a 50 day moving average of $9.50 and a 200 day moving average of $9.17.

abrdn Global Dynamic Dividend Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Monday, April 22nd.

Institutional Investors Weigh In On abrdn Global Dynamic Dividend

Several large investors have recently bought and sold shares of AGD. Advisory Services Network LLC lifted its position in abrdn Global Dynamic Dividend by 317.6% during the first quarter. Advisory Services Network LLC now owns 6,773 shares of the company’s stock valued at $63,000 after purchasing an additional 5,151 shares during the last quarter. Comerica Bank purchased a new stake in shares of abrdn Global Dynamic Dividend during the 3rd quarter valued at about $72,000. Janney Montgomery Scott LLC purchased a new stake in shares of abrdn Global Dynamic Dividend during the 4th quarter valued at about $95,000. Ameriprise Financial Inc. bought a new position in shares of abrdn Global Dynamic Dividend in the 1st quarter valued at about $95,000. Finally, Stifel Financial Corp purchased a new position in abrdn Global Dynamic Dividend in the second quarter worth about $104,000.

abrdn Global Dynamic Dividend 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.