Ares Dynamic Credit Allocation Fund Stock Forecast, Price & News

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Ares Dynamic Credit Allocation Fund saw a increase in short interest in August. As of August 31st, there was short interest totaling 48,300 shares, an increase of 123.6% from the August 15th total of 21,600 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is currently 0.7 days.
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Ares Dynamic Credit Allocation Fund's stock was trading at $12.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ARDC stock has increased by 29.4% and is now trading at $16.52.
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Ares Dynamic Credit Allocation Fund declared a monthly dividend on Monday, September 13th. Investors of record on Monday, September 20th will be paid a dividend of $0.0975 per share on Thursday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 7.08%. The ex-dividend date is Friday, September 17th. This is a boost from Ares Dynamic Credit Allocation Fund's previous monthly dividend of $0.10.
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Ares Dynamic Credit Allocation Fund pays an annual dividend of $1.29 per share and currently has a dividend yield of 0.09%.
View Ares Dynamic Credit Allocation Fund's dividend history.

Some companies that are related to Ares Dynamic Credit Allocation Fund include 578896 (INB.L) (INB), Aberdeen Global Dynamic Dividend Fund (AGD), Aberdeen Income Credit Strategies Fund (ACP), Aberdeen International (AABVF), Aberdeen Total Dynamic Dividend Fund (AOD), AllianceBernstein National Municipal Income Fund (AFB), AllianzGI Convertible & Income 2024 Target Term Fund (CBH), Alternative Asset Opportunities PCC (TLI), Apollo Tactical Income Fund (AIF), Aptus Behavioral Momentum ETF (BEMO), Aptus Fortified Value ETF (FTVA), Bernstein Global Research Fund (BRGL), Bernstein U.S. Research Fund (BERN), BlackRock 2022 Global Income Opportunity Trust (BGIO) and BlackRock Corporate High Yield Fund (HYT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Dynamic Credit Allocation Fund investors own include Bank of Hawaii (BOH), InterDigital (IDCC), STAG Industrial (STAG), AbbVie (ABBV), Ares Capital (ARCC), Energy Transfer (ET), KKR Income Opportunities Fund (KIO), PIMCO Dynamic Credit and Mortgage Income Fund (PCI), PIMCO Income Strategy Fund (PFL) and Barings Global Short Duration High Yield Fund (BGH).

Ares Dynamic Credit Allocation Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARDC."

Ares Dynamic Credit Allocation Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include Parametric Portfolio Associates LLC (0.00%), Sit Investment Associates Inc. (0.00%), Wells Fargo & Company MN (0.00%), Invesco Ltd. (0.00%), Advisors Asset Management Inc. (0.00%) and First Trust Advisors LP (0.00%). Company insiders that own Ares Dynamic Credit Allocation Fund stock include Ares Capital Management Ii Llc, Life Assurance Co Of Canad Sun and Seth J Brufsky.
View institutional ownership trends for Ares Dynamic Credit Allocation Fund.

ARDC stock was sold by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Shaker Financial Services LLC, Royal Bank of Canada, Bank of America Corp DE, LPL Financial LLC, Advisors Asset Management Inc., Sit Investment Associates Inc., and Mid Atlantic Financial Management Inc. ADV.
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ARDC stock was purchased by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Stifel Financial Corp, Advisor Resource Council, Morgan Stanley, Morgan Stanley, Invesco Ltd., Advisor Group Holdings Inc., and Foresight Wealth Management LLC. Company insiders that have bought Ares Dynamic Credit Allocation Fund stock in the last two years include Life Assurance Co Of Canad Sun, and Seth J Brufsky.
View insider buying and selling activity for Ares Dynamic Credit Allocation Fund or or view top insider-buying stocks.

Shares of ARDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARDC stock can currently be purchased for approximately $16.52.

The official website for Ares Dynamic Credit Allocation Fund is www.arespublicfunds.com.

Ares Dynamic Credit Allocation Fund is headquartered at 2000 Avenue of the Stars Fl 12, Los Angeles, California 90067-4733.

Ares Dynamic Credit Allocation Fund's mailing address is 2000 Avenue of the Stars Fl 12, Los Angeles, California 90067-4733. The company can be reached via phone at (310) 201-4100.