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

abrdn Global Premier Properties Fund (NYSE:AWP) was the target of a large growth in short interest in the month of 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 daily volume of 330,000 shares, the days-to-cover ratio is currently 1.1 days.

abrdn Global Premier Properties Fund Price Performance

NYSE AWP traded up $0.06 on Monday, hitting $3.89. 711,905 shares of the company were exchanged, compared to its average volume of 322,225. The company’s 50 day moving average price is $3.95 and its 200-day moving average price is $4.17. 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 firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.36%.

Institutional Trading of abrdn Global Premier Properties Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new stake in abrdn Global Premier Properties Fund in the 3rd quarter worth about $11,195,000. Wells Fargo & Company MN lifted its position in shares of abrdn Global Premier Properties Fund by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 771,959 shares of the investment management company’s stock worth $2,980,000 after purchasing an additional 141,202 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of 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 worth $918,000 after purchasing an additional 57,126 shares during the period. Samalin Investment Counsel LLC grew its position in abrdn Global Premier Properties Fund by 10.8% during the fourth quarter. Samalin Investment Counsel LLC now owns 204,330 shares of the investment management company’s stock valued at $789,000 after purchasing an additional 19,992 shares in the last quarter. Finally, LPL Financial LLC increased its stake in abrdn Global Premier Properties Fund by 22.5% in the 4th quarter. LPL Financial LLC now owns 200,675 shares of the investment management company’s stock valued at $775,000 after buying an additional 36,910 shares during the period.

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.