abrdn Global Premier Properties Fund (NYSE:AWP) Short Interest Update

abrdn Global Premier Properties Fund (NYSE:AWP) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 252,600 shares, a drop of 35.2% from the January 31st total of 389,800 shares. Based on an average daily volume of 321,500 shares, the days-to-cover ratio is currently 0.8 days.

abrdn Global Premier Properties Fund Stock Performance

NYSE AWP opened at $4.02 on Friday. abrdn Global Premier Properties Fund has a 1 year low of $3.51 and a 1 year high of $4.68. The stock’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.20.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.94%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Several hedge funds have recently made changes to their positions in AWP. Oppenheimer & Co. Inc. lifted its stake in abrdn Global Premier Properties Fund by 2.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 164,071 shares of the investment management company’s stock worth $633,000 after acquiring an additional 3,757 shares in the last quarter. OneAscent Financial Services LLC lifted its position in shares of abrdn Global Premier Properties Fund by 3.9% in the third quarter. OneAscent Financial Services LLC now owns 149,067 shares of the investment management company’s stock worth $689,000 after purchasing an additional 5,622 shares in the last quarter. Grimes & Company Inc. acquired a new stake in shares of abrdn Global Premier Properties Fund during the fourth quarter worth approximately $39,000. SVB Wealth LLC purchased a new position in abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $40,000. Finally, Hall Capital Management Co. Inc. acquired a new position in abrdn Global Premier Properties Fund in the 4th quarter valued at approximately $44,000.

About abrdn Global Premier Properties Fund

Abrdn Global Premier Properties Fund is a closed-end equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across real estate sectors. It invests in value stocks of companies.