Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Up 90.8% in July

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 64,300 shares, an increase of 90.8% from the June 30th total of 33,700 shares. Based on an average trading volume of 315,400 shares, the short-interest ratio is currently 0.2 days.

Aberdeen Total Dynamic Dividend Fund Price Performance

Shares of AOD stock traded up $0.07 during midday trading on Friday, reaching $8.47. 549,818 shares of the company traded hands, compared to its average volume of 306,726. The firm’s 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $8.21. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.01 and a 1-year high of $8.76.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 8.15%.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of AOD. Atticus Wealth Management LLC lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 37.4% during the 2nd quarter. Atticus Wealth Management LLC now owns 5,343 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 1,453 shares during the period. ORG Partners LLC purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth approximately $69,000. Avantax Advisory Services Inc. purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 4th quarter worth approximately $92,000. Nomura Holdings Inc. purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 4th quarter worth approximately $94,000. Finally, Spirepoint Private Client LLC purchased a new position in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth approximately $126,000.