abrdn Global Premier Properties Fund (NYSE:AWP) Short Interest Down 26.5% in January

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

abrdn Global Premier Properties Fund Stock Up 0.5%

Shares of abrdn Global Premier Properties Fund stock traded up $0.02 during midday trading on Friday, reaching $3.94. 300,683 shares of the company’s stock traded hands, compared to its average volume of 372,460. abrdn Global Premier Properties Fund has a 52 week low of $3.27 and a 52 week high of $4.08. The company’s 50 day simple moving average is $3.90 and its 200 day simple moving average is $3.91.

Shares of abrdn Global Premier Properties Fund are going to reverse split before the market opens 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 closing bell on Friday, February 6th.

abrdn Global Premier Properties Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were paid a $0.04 dividend. The ex-dividend date was Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC grew its position in abrdn Global Premier Properties Fund by 3.0% during the second quarter. Penserra Capital Management LLC now owns 2,346,351 shares of the investment management company’s stock worth $9,291,000 after buying an additional 69,339 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of abrdn Global Premier Properties Fund by 7.4% in the 2nd quarter. Osaic Holdings Inc. now owns 543,080 shares of the investment management company’s stock worth $2,151,000 after purchasing an additional 37,649 shares during the last quarter. NWF Advisory Services Inc. grew its stake in abrdn Global Premier Properties Fund by 6.1% during the third quarter. NWF Advisory Services Inc. now owns 440,225 shares of the investment management company’s stock worth $1,748,000 after buying an additional 25,200 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in abrdn Global Premier Properties Fund by 6.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 371,941 shares of the investment management company’s stock worth $1,477,000 after acquiring an additional 23,308 shares during the last quarter. Finally, OneAscent Financial Services LLC increased its stake in shares of abrdn Global Premier Properties Fund by 120.0% in the third quarter. OneAscent Financial Services LLC now owns 359,064 shares of the investment management company’s stock valued at $1,425,000 after buying an additional 195,831 shares in the last quarter.

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.