Ares Dynamic Credit Allocation Fund - ARDC Stock Forecast, Price & News

Ares Dynamic Credit Allocation Fund's stock was trading at $11.59 on January 1st, 2023. Since then, ARDC stock has increased by 4.0% and is now trading at $12.05.
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Ares Dynamic Credit Allocation Fund saw a drop in short interest in March. As of March 15th, there was short interest totaling 13,400 shares, a drop of 11.8% from the February 28th total of 15,200 shares. Based on an average daily trading volume, of 117,700 shares, the days-to-cover ratio is presently 0.1 days.
View Ares Dynamic Credit Allocation Fund's Short Interest.

Ares Dynamic Credit Allocation Fund announced a monthly dividend on Friday, March 10th. Stockholders of record on Monday, March 20th will be given a dividend of $0.1075 per share on Friday, March 31st. This represents a $1.29 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Friday, March 17th.
Read our dividend analysis for ARDC.

ETFs with the largest weight of Ares Dynamic Credit Allocation Fund (NYSE:ARDC) stock in their portfolio include First Trust Income Opportunity ETF (FCEF), GraniteShares HIPS US High Income ETF (HIPS), Invesco CEF Income Composite ETF (PCEF) and Saba Closed-End Funds ETF (CEFS).Invesco Zacks Multi-Asset Income ETF (CVY) and

Ares Dynamic Credit Allocation Fund (NYSE:ARDC) pays an annual dividend of $1.22 per share and currently has a dividend yield of 0.09%.
Read our dividend analysis for ARDC.

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 a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (0.00%), Sit Investment Associates Inc. (0.00%), Wells Fargo & Company MN (0.00%), Hennion & Walsh Asset Management Inc. (0.00%), Advisors Asset Management Inc. (0.00%) and UBS Group AG (0.00%). Insiders that own company stock include Bruce H Spector, John Joseph Shaw, Life Assurance Co Of Canad Sun and Seth J Brufsky.
View institutional ownership trends.

Shares of ARDC stock 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 $12.05.

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