abrdn Global Premier Properties Fund (NYSE:AWP) Short Interest Up 37.8% in February

abrdn Global Premier Properties Fund (NYSE:AWP) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 348,000 shares, a growth of 37.8% from the February 13th total of 252,600 shares. Based on an average trading volume of 330,000 shares, the short-interest ratio is presently 1.1 days.

abrdn Global Premier Properties Fund Price Performance

Shares of AWP traded up $0.01 on Tuesday, hitting $3.88. 15,905 shares of the stock traded hands, compared to its average volume of 323,889. The business has a 50 day simple moving average of $3.95 and a 200 day simple moving average of $4.17. abrdn Global Premier Properties Fund has a one year low of $3.51 and a one year high of $4.68.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.48 dividend on an annualized basis and a yield of 12.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. One Capital Management LLC bought a new position in abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $52,000. Oppenheimer & Co. Inc. grew its position in abrdn Global Premier Properties Fund by 2.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 164,071 shares of the investment management company’s stock valued at $633,000 after buying an additional 3,757 shares during the period. SVB Wealth LLC bought a new stake in abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $40,000. Wolverine Asset Management LLC bought a new stake in abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $113,000. Finally, J.W. Cole Advisors Inc. grew its position in abrdn Global Premier Properties Fund by 31.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 237,798 shares of the investment management company’s stock valued at $918,000 after buying an additional 57,126 shares during the period.

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.