abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 23.0% in December

by · The Markets Daily

abrdn Healthcare Investors (NYSE:HQH – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 35,063 shares, a decline of 23.0% from the November 30th total of 45,516 shares. Based on an average daily trading volume, of 181,760 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 181,760 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of abrdn Healthcare Investors

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC raised its holdings in shares of abrdn Healthcare Investors by 35.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 63,862 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 16,597 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in abrdn Healthcare Investors by 32.9% during the second quarter. Advisors Asset Management Inc. now owns 351,359 shares of the financial services provider’s stock worth $5,443,000 after buying an additional 86,924 shares in the last quarter. Stephens Inc. AR grew its position in abrdn Healthcare Investors by 13.4% in the second quarter. Stephens Inc. AR now owns 32,917 shares of the financial services provider’s stock worth $510,000 after buying an additional 3,888 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after buying an additional 788 shares in the last quarter. Finally, WNY Asset Management LLC increased its holdings in shares of abrdn Healthcare Investors by 9.5% in the second quarter. WNY Asset Management LLC now owns 199,926 shares of the financial services provider’s stock valued at $3,097,000 after buying an additional 17,421 shares in the last quarter. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Trading Up 0.1%

Shares of abrdn Healthcare Investors stock traded up $0.02 on Wednesday, hitting $18.96. The company had a trading volume of 153,449 shares, compared to its average volume of 155,728. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.69. The business has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $17.45.

abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Friday, November 21st. This is an increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.51.

About abrdn Healthcare Investors

(Get Free Report)

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.

Featured Stories