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

abrdn Global Premier Properties Fund (NYSE:AWP) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 348,000 shares, an increase of 37.8% from the February 13th total of 252,600 shares. Based on an average daily volume of 330,000 shares, the short-interest ratio is currently 1.1 days.

abrdn Global Premier Properties Fund Stock Performance

NYSE AWP traded up $0.06 on Monday, reaching $3.89. The stock had a trading volume of 711,905 shares, compared to its average volume of 322,225. abrdn Global Premier Properties Fund has a 1 year low of $3.51 and a 1 year high of $4.68. The business has a 50 day moving average price of $3.95 and a 200 day moving average price of $4.17.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 12.36%.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hall Capital Management Co. Inc. acquired a new position in abrdn Global Premier Properties Fund during the fourth quarter worth $44,000. Citadel Advisors LLC acquired a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter valued at about $95,000. Triumph Capital Management bought a new position in shares of abrdn Global Premier Properties Fund in the 4th quarter valued at approximately $46,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in abrdn Global Premier Properties Fund in the 4th quarter worth approximately $568,000. Finally, CreativeOne Wealth LLC bought a new stake in abrdn Global Premier Properties Fund during the fourth quarter worth approximately $96,000.

About abrdn Global Premier Properties Fund

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.