Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Sees Significant Growth in Short Interest

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 156,100 shares, a growth of 247.7% from the October 15th total of 44,900 shares. Based on an average trading volume of 381,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 18.0% in the 3rd quarter. CWM LLC now owns 9,162 shares of the investment management company’s stock worth $83,000 after purchasing an additional 1,398 shares during the last quarter. Atticus Wealth Management LLC grew its stake in Aberdeen Total Dynamic Dividend Fund by 37.4% during the second quarter. Atticus Wealth Management LLC now owns 5,343 shares of the investment management company’s stock worth $45,000 after buying an additional 1,453 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Aberdeen Total Dynamic Dividend Fund by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,939 shares of the investment management company’s stock worth $412,000 after buying an additional 1,509 shares during the last quarter. Heritage Wealth Management Inc. CA increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 9.9% during the third quarter. Heritage Wealth Management Inc. CA now owns 18,290 shares of the investment management company’s stock worth $166,000 after buying an additional 1,644 shares in the last quarter. Finally, Integrated Capital Management Inc. boosted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 7.1% in the 3rd quarter. Integrated Capital Management Inc. now owns 29,557 shares of the investment management company’s stock worth $269,000 after acquiring an additional 1,948 shares in the last quarter.

Aberdeen Total Dynamic Dividend Fund Stock Down 0.2 %

AOD traded down $0.02 during trading on Wednesday, reaching $8.74. 235,458 shares of the company’s stock were exchanged, compared to its average volume of 339,282. The business has a 50 day moving average price of $8.92 and a 200 day moving average price of $8.62. Aberdeen Total Dynamic Dividend Fund has a fifty-two week low of $7.64 and a fifty-two week high of $9.14.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 13.73%.