abrdn Global Premier Properties Fund (NYSE:AWP) Short Interest Down 56.0% in July

abrdn Global Premier Properties Fund (NYSE:AWP) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 262,700 shares, a drop of 56.0% from the June 30th total of 597,300 shares. Based on an average trading volume of 345,600 shares, the short-interest ratio is currently 0.8 days.

abrdn Global Premier Properties Fund Price Performance

Shares of AWP stock traded down $0.04 during midday trading on Friday, reaching $4.02. 490,282 shares of the company traded hands, compared to its average volume of 330,973. The firm’s 50 day simple moving average is $3.84 and its two-hundred day simple moving average is $3.78. abrdn Global Premier Properties Fund has a 1-year low of $3.06 and a 1-year high of $4.22.

abrdn Global Premier Properties Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.48 annualized dividend and a dividend yield of 11.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC raised its position in shares of abrdn Global Premier Properties Fund by 4.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 65,669 shares of the investment management company’s stock worth $251,000 after purchasing an additional 2,940 shares during the last quarter. Highlander Capital Management LLC raised its position in shares of abrdn Global Premier Properties Fund by 8.4% during the 4th quarter. Highlander Capital Management LLC now owns 43,080 shares of the investment management company’s stock worth $167,000 after purchasing an additional 3,355 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of abrdn Global Premier Properties Fund by 3.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 139,909 shares of the investment management company’s stock worth $543,000 after purchasing an additional 5,020 shares during the last quarter. Spire Wealth Management raised its position in shares of abrdn Global Premier Properties Fund by 7.9% during the 4th quarter. Spire Wealth Management now owns 71,705 shares of the investment management company’s stock worth $265,000 after purchasing an additional 5,249 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of abrdn Global Premier Properties Fund by 3.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 179,765 shares of the investment management company’s stock worth $712,000 after purchasing an additional 5,341 shares during the last quarter.

abrdn Global Premier Properties Fund Company Profile

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.