Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Down 12.3% in February

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 388,300 shares, a drop of 12.3% from the January 31st total of 442,700 shares. Based on an average trading volume of 511,200 shares, the days-to-cover ratio is currently 0.8 days.

Aberdeen Total Dynamic Dividend Fund Stock Performance

AOD traded down $0.03 during midday trading on Friday, reaching $8.55. 238,450 shares of the company’s stock were exchanged, compared to its average volume of 391,208. The business’s 50-day moving average price is $8.64 and its 200 day moving average price is $8.76. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.73 and a 1-year high of $9.14.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 14.04%. The ex-dividend date of this dividend was Friday, February 21st.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Several hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 23.9% in the third quarter. Pathstone Holdings LLC now owns 2,978,244 shares of the investment management company’s stock valued at $27,110,000 after acquiring an additional 574,145 shares in the last quarter. LPL Financial LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 3.7% in the 4th quarter. LPL Financial LLC now owns 706,447 shares of the investment management company’s stock valued at $5,941,000 after purchasing an additional 25,367 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Aberdeen Total Dynamic Dividend Fund by 189.2% during the 4th quarter. Sit Investment Associates Inc. now owns 529,152 shares of the investment management company’s stock worth $4,450,000 after purchasing an additional 346,177 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 8.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 478,807 shares of the investment management company’s stock worth $4,027,000 after buying an additional 36,945 shares in the last quarter. Finally, CF Capital LLC acquired a new position in shares of Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at approximately $3,448,000.