Short Interest in abrdn Global Premier Properties Fund (NYSE:AWP) Declines By 86.3%

abrdn Global Premier Properties Fund (NYSE:AWP) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 60,545 shares, a decline of 86.3% from the January 29th total of 442,284 shares. Based on an average daily volume of 195,933 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 195,933 shares, the short-interest ratio is presently 0.3 days.

abrdn Global Premier Properties Fund Stock Up 0.5%

Shares of NYSE AWP traded up $0.06 during midday trading on Thursday, reaching $12.50. The company’s stock had a trading volume of 112,578 shares, compared to its average volume of 167,923. abrdn Global Premier Properties Fund has a one year low of $9.81 and a one year high of $12.62. The company has a 50 day moving average price of $11.87 and a 200 day moving average price of $11.81.

abrdn Global Premier Properties Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.5%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Compound Planning Inc. boosted its position in shares of abrdn Global Premier Properties Fund by 15.5% in the 4th quarter. Compound Planning Inc. now owns 17,900 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 2,400 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of abrdn Global Premier Properties Fund by 172.5% in the fourth quarter. NewEdge Advisors LLC now owns 68,888 shares of the investment management company’s stock worth $265,000 after buying an additional 43,612 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of abrdn Global Premier Properties Fund in the fourth quarter worth approximately $144,000. Cetera Investment Advisers raised its holdings in shares of abrdn Global Premier Properties Fund by 7.6% during the fourth quarter. Cetera Investment Advisers now owns 38,250 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 2,713 shares during the period. Finally, Mariner LLC raised its holdings in shares of abrdn Global Premier Properties Fund by 2.5% during the fourth quarter. Mariner LLC now owns 39,828 shares of the investment management company’s stock valued at $153,000 after acquiring an additional 964 shares during the period.

About abrdn Global Premier Properties Fund

abrdn Global Premier Properties Fund (NYSE: AWP) is a publicly traded, closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund is managed by abrdn plc, a global asset manager, and primarily invests in equity and debt securities of real estate companies and real estate investment trusts (REITs) worldwide. By trading its shares on the New York Stock Exchange, AWP offers investors access to a diversified portfolio of real estate assets without the need to directly acquire or manage physical properties.

The fund’s investment strategy emphasizes bottom-up security selection, targeting companies that offer attractive dividend yields, earnings growth potential and stable cash flows.