Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

by · The Markets Daily

Abrdn Healthcare Opportunities Fund (NYSE:THQ – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 35,135 shares, an increase of 90.6% from the August 15th total of 18,438 shares. Based on an average daily trading volume, of 141,145 shares, the short-interest ratio is currently 0.2 days.

Abrdn Healthcare Opportunities Fund Trading Up 1.6%

THQ traded up $0.30 during midday trading on Thursday, hitting $19.21. The company had a trading volume of 94,729 shares, compared to its average volume of 169,371. Abrdn Healthcare Opportunities Fund has a twelve month low of $16.28 and a twelve month high of $20.39. The firm’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $18.56.

Abrdn Healthcare Opportunities Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Tuesday, September 22nd.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Westbourne Investment Advisors Inc. grew its position in shares of Abrdn Healthcare Opportunities Fund by 15.3% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 45,100 shares of the company’s stock worth $758,000 after buying an additional 6,000 shares during the period. PFG Investments LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 4.5% during the 1st quarter. PFG Investments LLC now owns 15,140 shares of the company’s stock worth $254,000 after acquiring an additional 653 shares during the period. World Investment Advisors grew its holdings in Abrdn Healthcare Opportunities Fund by 187.0% during the 1st quarter. World Investment Advisors now owns 69,003 shares of the company’s stock worth $1,159,000 after acquiring an additional 44,964 shares during the period. Next Level Private LLC raised its position in shares of Abrdn Healthcare Opportunities Fund by 37.0% during the 1st quarter. Next Level Private LLC now owns 85,183 shares of the company’s stock valued at $1,431,000 after acquiring an additional 23,026 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the 1st quarter valued at $228,000.

About Abrdn Healthcare Opportunities Fund

(Get Free Report)

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.

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