Short Interest in abrdn Global Premier Properties Fund (NYSE:AWP) Drops By 35.2%

abrdn Global Premier Properties Fund (NYSE:AWP) saw a large decline in short interest during 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 daily volume of 321,500 shares, the days-to-cover ratio is currently 0.8 days.

abrdn Global Premier Properties Fund Price Performance

Shares of abrdn Global Premier Properties Fund stock remained flat at $4.00 during trading hours on Monday. 382,387 shares of the stock were exchanged, compared to its average volume of 319,094. The firm has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $4.20. abrdn Global Premier Properties Fund has a fifty-two week low of $3.51 and a fifty-two week high of $4.68.

abrdn Global Premier Properties Fund Announces Dividend

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

Institutional Trading of abrdn Global Premier Properties Fund

Hedge funds have recently bought and sold shares of the business. Grimes & Company Inc. purchased a new stake in shares of abrdn Global Premier Properties Fund in the fourth quarter valued at approximately $39,000. SVB Wealth LLC acquired a new position in abrdn Global Premier Properties Fund during the fourth quarter worth $40,000. Hall Capital Management Co. Inc. purchased a new stake in abrdn Global Premier Properties Fund in the 4th quarter valued at $44,000. Landscape Capital Management L.L.C. acquired a new stake in shares of abrdn Global Premier Properties Fund in the 4th quarter worth $45,000. Finally, Triumph Capital Management purchased a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter worth $46,000.

abrdn Global Premier Properties Fund Company Profile

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.