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

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) saw a significant increase in short interest during 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 Trading Up 0.8 %

Shares of NYSE AOD traded up $0.07 during trading on Friday, reaching $8.47. The company had a trading volume of 549,818 shares, compared to its average volume of 306,726. Aberdeen Total Dynamic Dividend Fund has a 52 week low of $7.01 and a 52 week high of $8.76. The business’s 50 day moving average price is $8.43 and its 200-day moving average price is $8.21.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

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

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors have recently modified their holdings of AOD. Successful Portfolios LLC raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 81.3% in the fourth quarter. Successful Portfolios LLC now owns 24,590 shares of the investment management company’s stock worth $198,000 after acquiring an additional 11,026 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aberdeen Total Dynamic Dividend Fund during the fourth quarter worth approximately $502,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Aberdeen Total Dynamic Dividend Fund during the fourth quarter worth approximately $145,000. Waterfront Wealth Inc. raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 1.1% during the fourth quarter. Waterfront Wealth Inc. now owns 566,374 shares of the investment management company’s stock worth $4,565,000 after buying an additional 6,066 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 15.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 17,965 shares of the investment management company’s stock worth $145,000 after buying an additional 2,364 shares during the last quarter.