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

abrdn Global Premier Properties Fund (NYSE:AWP) was the recipient of a large decline in short interest in 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.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Several large investors have recently added to or reduced their stakes in AWP. Nova Wealth Management Inc. purchased a new stake in shares of abrdn Global Premier Properties Fund in the third quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in abrdn Global Premier Properties Fund during the second quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in shares of abrdn Global Premier Properties Fund in the 4th quarter worth approximately $35,000. Geneos Wealth Management Inc. grew its holdings in abrdn Global Premier Properties Fund by 582.8% in the first quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after purchasing an additional 8,008 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in abrdn Global Premier Properties Fund during the 4th quarter valued at about $40,000.

abrdn Global Premier Properties Fund Stock Performance

abrdn Global Premier Properties Fund stock traded down $0.02 during midday trading on Wednesday, reaching $12.44. The stock had a trading volume of 101,722 shares, compared to its average volume of 169,450. abrdn Global Premier Properties Fund has a 52-week low of $9.81 and a 52-week high of $12.62. The company has a fifty day moving average of $11.87 and a 200 day moving average of $11.81.

abrdn Global Premier Properties Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 11.6%.

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.