abrdn Global Premier Properties Fund (NYSE:AWP) Sees Significant Drop in Short Interest

abrdn Global Premier Properties Fund (NYSE:AWP) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 480,762 shares, a decrease of 26.5% from the December 31st total of 653,776 shares. Based on an average daily volume of 388,693 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 388,693 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AWP. Royal Bank of Canada raised its stake in shares of abrdn Global Premier Properties Fund by 10.7% in the first quarter. Royal Bank of Canada now owns 346,780 shares of the investment management company’s stock worth $1,345,000 after acquiring an additional 33,531 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in abrdn Global Premier Properties Fund by 582.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after buying an additional 8,008 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Global Premier Properties Fund in the second quarter valued at approximately $30,000. Willner & Heller LLC bought a new position in shares of abrdn Global Premier Properties Fund during the second quarter worth about $40,000. Finally, Abel Hall LLC grew its holdings in shares of abrdn Global Premier Properties Fund by 740.0% in the 2nd quarter. Abel Hall LLC now owns 84,000 shares of the investment management company’s stock valued at $333,000 after acquiring an additional 74,000 shares in the last quarter.

abrdn Global Premier Properties Fund Stock Down 0.6%

Shares of NYSE:AWP traded down $0.03 during mid-day trading on Tuesday, hitting $3.89. The stock had a trading volume of 251,581 shares, compared to its average volume of 363,881. abrdn Global Premier Properties Fund has a 12-month low of $3.27 and a 12-month high of $4.08. The company’s 50 day moving average is $3.90 and its 200-day moving average is $3.91.

abrdn Global Premier Properties Fund’s stock is set to reverse split on Monday, February 9th. The 1-3 reverse split was announced on Wednesday, January 21st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

abrdn Global Premier Properties Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were paid a dividend of $0.04 per share. The ex-dividend date was Friday, January 23rd. This represents a c) annualized dividend and a yield of 12.4%.

abrdn Global Premier Properties Fund Company Profile

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.