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

Ares Dynamic Credit Allocation Fund's stock was trading at $11.59 at the beginning of the year. Since then, ARDC shares have increased by 7.0% and is now trading at $12.40.
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Ares Dynamic Credit Allocation Fund saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 15,800 shares, an increase of 17.9% from the December 31st total of 13,400 shares. Based on an average trading volume of 101,400 shares, the days-to-cover ratio is presently 0.2 days.
View Ares Dynamic Credit Allocation Fund's Short Interest.

Ares Dynamic Credit Allocation Fund declared a monthly dividend on Tuesday, January 10th. Stockholders of record on Friday, January 20th will be paid a dividend of $0.1075 per share on Tuesday, January 31st. This represents a $1.29 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend is Thursday, January 19th. This is a positive change from the stock's previous monthly dividend of $0.10.
Read our dividend analysis for ARDC.

Ares Dynamic Credit Allocation Fund (NYSE:ARDC) pays an annual dividend of $1.29 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 many different institutional and retail investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.00%), Capital Investment Advisors LLC (0.00%) and GraniteShares Advisors LLC (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 $12.40.

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.