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 increase in short interest during the month of May. As of May 15th, there was short interest totalling 206,000 shares, an increase of 342.1% from the April 30th total of 46,600 shares. Based on an average trading volume of 256,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

Institutional investors have recently made changes to their positions in the stock. Karpus Management Inc. increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 578.0% during the third quarter. Karpus Management Inc. now owns 2,535,141 shares of the investment management company’s stock worth $18,101,000 after buying an additional 2,161,201 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 28.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,347,241 shares of the investment management company’s stock worth $57,308,000 after buying an additional 1,606,273 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Aberdeen Total Dynamic Dividend Fund during the first quarter worth $1,705,000. Cornerstone Advisors LLC increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 1,509.1% during the third quarter. Cornerstone Advisors LLC now owns 212,406 shares of the investment management company’s stock worth $1,517,000 after buying an additional 199,206 shares in the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 130.3% during the third quarter. Shaker Financial Services LLC now owns 351,686 shares of the investment management company’s stock worth $2,511,000 after buying an additional 198,977 shares in the last quarter.

Aberdeen Total Dynamic Dividend Fund Trading Up 1.5 %

Shares of NYSE:AOD traded up $0.12 during trading on Friday, reaching $8.03. 216,965 shares of the stock were exchanged, compared to its average volume of 308,619. Aberdeen Total Dynamic Dividend Fund has a 12 month low of $6.87 and a 12 month high of $8.77. The stock has a 50-day moving average price of $8.09 and a 200-day moving average price of $8.11.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 19th will be paid a $0.058 dividend. This is a boost from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.06. This represents a $0.70 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, May 18th.