Short Interest in abrdn Global Premier Properties Fund (NYSE:AWP) Expands By 30.9%

abrdn Global Premier Properties Fund (NYSE:AWP) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 619,200 shares, an increase of 30.9% from the October 15th total of 473,200 shares. Based on an average daily trading volume, of 278,400 shares, the days-to-cover ratio is currently 2.2 days.

abrdn Global Premier Properties Fund Stock Performance

Shares of NYSE AWP opened at $4.16 on Friday. abrdn Global Premier Properties Fund has a 12-month low of $3.51 and a 12-month high of $4.68. The firm has a 50 day moving average of $4.41 and a 200 day moving average of $4.12.

abrdn Global Premier Properties Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 11.54%. The ex-dividend date is Thursday, November 21st.

Institutional Trading of abrdn Global Premier Properties Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. lifted its holdings in shares of abrdn Global Premier Properties Fund by 125.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 180,672 shares of the investment management company’s stock worth $835,000 after acquiring an additional 100,600 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of abrdn Global Premier Properties Fund by 6.4% in the third quarter. SeaCrest Wealth Management LLC now owns 72,784 shares of the investment management company’s stock worth $336,000 after buying an additional 4,396 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in abrdn Global Premier Properties Fund during the 2nd quarter worth approximately $364,000. EverSource Wealth Advisors LLC acquired a new position in abrdn Global Premier Properties Fund during the second quarter valued at $96,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of abrdn Global Premier Properties Fund by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 98,061 shares of the investment management company’s stock valued at $375,000 after purchasing an additional 2,394 shares during the period.

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.