Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Down 41.5% in February

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 222,527 shares, a decline of 41.5% from the January 29th total of 380,326 shares. Based on an average daily volume of 138,517 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 138,517 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management boosted its position in shares of Abrdn Healthcare Opportunities Fund by 22.3% during the third quarter. Triumph Capital Management now owns 27,990 shares of the company’s stock worth $484,000 after buying an additional 5,097 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Abrdn Healthcare Opportunities Fund by 216.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock valued at $81,000 after buying an additional 2,891 shares during the last quarter. LPL Financial LLC lifted its stake in Abrdn Healthcare Opportunities Fund by 7.0% in the 4th quarter. LPL Financial LLC now owns 332,325 shares of the company’s stock valued at $6,357,000 after acquiring an additional 21,613 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Abrdn Healthcare Opportunities Fund by 16.0% in the 4th quarter. Wedbush Securities Inc. now owns 158,429 shares of the company’s stock valued at $3,031,000 after acquiring an additional 21,844 shares in the last quarter. Finally, StoneX Group Inc. boosted its position in Abrdn Healthcare Opportunities Fund by 5.3% during the 4th quarter. StoneX Group Inc. now owns 14,170 shares of the company’s stock worth $273,000 after acquiring an additional 711 shares during the last quarter.

Abrdn Healthcare Opportunities Fund Stock Performance

THQ stock traded up $0.17 during mid-day trading on Friday, hitting $19.28. 156,820 shares of the company were exchanged, compared to its average volume of 186,513. Abrdn Healthcare Opportunities Fund has a 1-year low of $15.14 and a 1-year high of $21.30. The firm’s 50 day simple moving average is $19.34 and its 200 day simple moving average is $18.34.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Friday, February 20th.

About Abrdn Healthcare Opportunities Fund

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.