abrdn Global Premier Properties Fund (NYSE:AWP) Short Interest Down 86.3% in February

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

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Several institutional investors and hedge funds have recently bought and sold shares of AWP. Nova Wealth Management Inc. purchased a new stake in abrdn Global Premier Properties Fund during the 3rd quarter worth about $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of abrdn Global Premier Properties Fund during the second quarter valued at about $28,000. Global Retirement Partners LLC purchased a new stake in shares of abrdn Global Premier Properties Fund in the fourth quarter worth about $35,000. Geneos Wealth Management Inc. boosted its position in shares of 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 valued at $36,000 after acquiring an additional 8,008 shares during the period. Finally, Capital Investment Advisory Services LLC bought a new position in shares of abrdn Global Premier Properties Fund in the fourth quarter valued at approximately $40,000.

abrdn Global Premier Properties Fund Trading Up 0.3%

Shares of NYSE AWP traded up $0.03 during mid-day trading on Friday, reaching $12.56. 269,397 shares of the company’s stock were exchanged, compared to its average volume of 172,332. The firm has a 50-day moving average price of $11.91 and a two-hundred day moving average price of $11.82. abrdn Global Premier Properties Fund has a 52 week low of $9.81 and a 52 week high of $12.71.

abrdn Global Premier Properties Fund Cuts Dividend

The business also recently declared 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 is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.5%.

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.