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

Ares Dynamic Credit Allocation Fund's stock was trading at $16.33 at the start of the year. Since then, ARDC shares have decreased by 25.3% and is now trading at $12.20.
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Ares Dynamic Credit Allocation Fund saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 58,900 shares, an increase of 285.0% from the August 15th total of 15,300 shares. Based on an average trading volume of 77,600 shares, the days-to-cover ratio is currently 0.8 days.
View Ares Dynamic Credit Allocation Fund's Short Interest.

Ares Dynamic Credit Allocation Fund announced a monthly dividend on Monday, September 12th. Shareholders of record on Monday, September 19th will be given a dividend of $0.1025 per share on Friday, September 30th. This represents a $1.23 annualized dividend and a yield of 10.08%. The ex-dividend date is Friday, September 16th.
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 a number of retail and institutional investors. Top institutional investors include Sit Investment Associates Inc. (0.00%), Wells Fargo & Company MN (0.00%), Advisors Asset Management Inc. (0.00%), UBS Group AG (0.00%), Hennion & Walsh Asset Management Inc. (0.00%) and Shaker Financial Services LLC (0.00%). Insiders that own company stock include Ares Capital Management Ii Llc, Bruce H Spector, John Joseph Shaw, Life Assurance Co Of Canad Sun and Seth J Brufsky.
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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 $12.20.

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.