abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

abrdn Healthcare Investors (NYSE:HQH) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 77,130 shares, a drop of 24.3% from the February 26th total of 101,941 shares. Based on an average daily volume of 180,871 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HQH. Morgan Stanley lifted its position in abrdn Healthcare Investors by 11.5% during the fourth quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after acquiring an additional 481,548 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of abrdn Healthcare Investors by 15.4% during the third quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock worth $22,130,000 after acquiring an additional 159,618 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of abrdn Healthcare Investors in the fourth quarter valued at approximately $2,780,000. Raymond James Financial Inc. grew its position in shares of abrdn Healthcare Investors by 9.2% in the second quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock valued at $20,131,000 after purchasing an additional 110,011 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of abrdn Healthcare Investors by 27.6% during the fourth quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock worth $8,776,000 after purchasing an additional 100,347 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Down 3.7%

HQH stock opened at $17.46 on Friday. abrdn Healthcare Investors has a one year low of $13.77 and a one year high of $20.46. The company has a fifty day moving average price of $18.95 and a two-hundred day moving average price of $18.74.

abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 14.4%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from abrdn Healthcare Investors’s previous quarterly dividend of $0.57.

abrdn Healthcare Investors Company Profile

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.