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

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

Aberdeen Total Dynamic Dividend Fund Stock Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock traded down $0.09 on Friday, reaching $8.39. 537,976 shares of the stock were exchanged, compared to its average volume of 403,345. The firm’s 50 day moving average is $8.64 and its 200-day moving average is $8.72. Aberdeen Total Dynamic Dividend Fund has a one year low of $7.73 and a one year high of $9.14.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

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

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors have recently modified their holdings of AOD. LPL Financial LLC raised its stake in Aberdeen Total Dynamic Dividend Fund by 3.7% during the fourth 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. grew its holdings 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 valued at $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 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 purchasing an additional 36,945 shares during the last quarter. CF Capital LLC acquired a new position in Aberdeen Total Dynamic Dividend Fund during the 4th quarter worth approximately $3,448,000. Finally, WNY Asset Management LLC lifted its stake in Aberdeen Total Dynamic Dividend Fund by 27.1% in the 4th 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 during the last quarter.