Ares Dynamic Credit Allocation Fund (NYSE:ARDC) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.86 and traded as low as $13.20. Ares Dynamic Credit Allocation Fund shares last traded at $13.27, with a volume of 131,174 shares changing hands.

Ares Dynamic Credit Allocation Fund Stock Performance

The company’s 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $13.86.

Ares Dynamic Credit Allocation Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 20th were issued a $0.1125 dividend. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date was Tuesday, January 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARDC. AdvisorNet Financial Inc grew its stake in shares of Ares Dynamic Credit Allocation Fund by 52.0% in the fourth quarter. AdvisorNet Financial Inc now owns 485,021 shares of the company’s stock valued at $6,451,000 after buying an additional 165,888 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Ares Dynamic Credit Allocation Fund by 12.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 420,778 shares of the company’s stock valued at $5,920,000 after acquiring an additional 46,322 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Ares Dynamic Credit Allocation Fund by 5.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 370,332 shares of the company’s stock valued at $5,211,000 after acquiring an additional 17,734 shares during the period. United Advisor Group LLC grew its position in Ares Dynamic Credit Allocation Fund by 1.6% in the 2nd quarter. United Advisor Group LLC now owns 336,279 shares of the company’s stock valued at $4,782,000 after acquiring an additional 5,435 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Ares Dynamic Credit Allocation Fund by 9.5% during the third quarter. Invesco Ltd. now owns 326,194 shares of the company’s stock worth $4,590,000 after purchasing an additional 28,337 shares during the period.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.