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

abrdn Global Premier Properties Fund (NYSE:AWP) was the recipient of a large drop in short interest during 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 daily trading volume, of 345,600 shares, the days-to-cover ratio is presently 0.8 days.

abrdn Global Premier Properties Fund Price Performance

Shares of AWP stock traded down $0.04 during trading hours on Friday, reaching $4.02. The company’s stock had a trading volume of 490,282 shares, compared to its average volume of 330,973. abrdn Global Premier Properties Fund has a one year low of $3.06 and a one year high of $4.22. The firm’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $3.78.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently declared 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 Investors Weigh In On abrdn Global Premier Properties Fund

Several hedge funds have recently made changes to their positions in AWP. Atomi Financial Group Inc. bought a new stake in abrdn Global Premier Properties Fund in the second quarter worth $40,000. SVB Wealth LLC bought a new stake in abrdn Global Premier Properties Fund in the first quarter worth $41,000. Hartline Investment Corp bought a new stake in abrdn Global Premier Properties Fund in the first quarter worth $45,000. PFG Investments LLC bought a new stake in abrdn Global Premier Properties Fund in the first quarter worth $53,000. Finally, Soltis Investment Advisors LLC purchased a new position in shares of abrdn Global Premier Properties Fund in the fourth quarter worth $54,000.

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.