Short Interest in Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Drops By 37.0%

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 188,000 shares, a drop of 37.0% from the February 28th total of 298,200 shares. Based on an average daily volume of 511,100 shares, the days-to-cover ratio is presently 0.4 days.

Aberdeen Total Dynamic Dividend Fund Stock Up 0.0 %

Shares of AOD traded up $0.00 during trading hours on Monday, reaching $8.38. 545,857 shares of the company traded hands, compared to its average volume of 403,913. Aberdeen Total Dynamic Dividend Fund has a 12-month low of $7.73 and a 12-month high of $9.14. The stock’s fifty day moving average price is $8.64 and its 200 day moving average price is $8.72.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $1.20 dividend on an annualized basis and a yield of 14.31%.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in Aberdeen Total Dynamic Dividend Fund by 3.7% during the 4th quarter. LPL Financial LLC now owns 706,447 shares of the investment management company’s stock worth $5,941,000 after acquiring an additional 25,367 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 189.2% during the fourth quarter. Sit Investment Associates Inc. now owns 529,152 shares of the investment management company’s stock worth $4,450,000 after buying an additional 346,177 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 8.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 478,807 shares of the investment management company’s stock valued at $4,027,000 after acquiring an additional 36,945 shares during the period. CF Capital LLC purchased a new stake in shares of Aberdeen Total Dynamic Dividend Fund during the 4th quarter worth $3,448,000. Finally, WNY Asset Management LLC boosted its position in Aberdeen Total Dynamic Dividend Fund by 27.1% during the fourth quarter. WNY Asset Management LLC now owns 386,248 shares of the investment management company’s stock valued at $3,248,000 after purchasing an additional 82,293 shares in the last quarter.