Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 55.7% in January

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 61,071 shares, a drop of 55.7% from the January 15th total of 137,777 shares. Based on an average daily volume of 233,897 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 233,897 shares, the short-interest ratio is currently 0.3 days.

Abrdn World Healthcare Fund Price Performance

NYSE:THW traded up $0.04 during trading hours on Friday, hitting $12.64. 155,176 shares of the stock traded hands, compared to its average volume of 195,999. The firm has a 50 day moving average price of $12.72 and a 200 day moving average price of $12.35. Abrdn World Healthcare Fund has a fifty-two week low of $9.80 and a fifty-two week high of $13.19.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.1167 per share. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Friday, February 20th.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several institutional investors and hedge funds have recently bought and sold shares of THW. Newbridge Financial Services Group Inc. acquired a new position in shares of Abrdn World Healthcare Fund in the 2nd quarter valued at about $31,000. Advisory Services Network LLC purchased a new stake in Abrdn World Healthcare Fund in the 3rd quarter worth approximately $43,000. Ameriflex Group Inc. acquired a new stake in shares of Abrdn World Healthcare Fund during the 3rd quarter valued at $79,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Abrdn World Healthcare Fund during the 2nd quarter valued at $113,000. Finally, HighTower Advisors LLC purchased a new position in shares of Abrdn World Healthcare Fund during the 4th quarter valued at $168,000.

Abrdn World Healthcare Fund Company Profile

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.