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

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

abrdn Global Premier Properties Fund Price Performance

Shares of NYSE AWP remained flat at $4.00 during midday trading on Monday. 382,387 shares of the stock were exchanged, compared to its average volume of 319,094. The firm has a fifty day moving average price of $3.95 and a 200-day moving average price of $4.20. abrdn Global Premier Properties Fund has a twelve month low of $3.51 and a twelve month high of $4.68.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date was Friday, February 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in shares of abrdn Global Premier Properties Fund during the 3rd quarter worth about $11,195,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in abrdn Global Premier Properties Fund during the fourth quarter worth approximately $568,000. Raymond James Financial Inc. purchased a new position in abrdn Global Premier Properties Fund during the fourth quarter worth approximately $568,000. Wells Fargo & Company MN lifted its stake in abrdn Global Premier Properties Fund by 22.4% in the 4th quarter. Wells Fargo & Company MN now owns 771,959 shares of the investment management company’s stock valued at $2,980,000 after buying an additional 141,202 shares in the last quarter. Finally, Mezzasalma Advisors LLC acquired a new stake in abrdn Global Premier Properties Fund in the 4th quarter worth about $499,000.

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.