Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Large Decline in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 20,047 shares, a drop of 68.5% from the September 30th total of 63,685 shares. Based on an average daily volume of 139,491 shares, the short-interest ratio is currently 0.1 days.

Abrdn Healthcare Opportunities Fund Stock Up 1.2%

NYSE THQ traded up $0.21 on Thursday, reaching $18.71. The stock had a trading volume of 167,799 shares, compared to its average volume of 162,913. Abrdn Healthcare Opportunities Fund has a 12-month low of $16.28 and a 12-month high of $20.39. The stock has a fifty day moving average price of $18.78 and a two-hundred day moving average price of $18.64.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Friday, October 23rd.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of THQ. PFG Investments LLC raised its stake in shares of Abrdn Healthcare Opportunities Fund by 4.5% in the first quarter. PFG Investments LLC now owns 15,140 shares of the company’s stock valued at $254,000 after acquiring an additional 653 shares in the last quarter. D.A. Davidson & CO. grew its stake in Abrdn Healthcare Opportunities Fund by 1.5% during the 1st quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock worth $748,000 after purchasing an additional 657 shares in the last quarter. Waverly Advisors LLC grew its stake in Abrdn Healthcare Opportunities Fund by 7.3% during the 2nd quarter. Waverly Advisors LLC now owns 11,730 shares of the company’s stock worth $220,000 after purchasing an additional 800 shares in the last quarter. World Equity Group Inc. grew its stake in Abrdn Healthcare Opportunities Fund by 8.7% during the 2nd quarter. World Equity Group Inc. now owns 20,336 shares of the company’s stock worth $381,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in Abrdn Healthcare Opportunities Fund by 2.3% during the 1st quarter. Aviance Capital Partners LLC now owns 85,786 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,949 shares during the period.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end investment company that seeks to provide total return through a combination of current income and long-term capital appreciation. The fund invests primarily in securities issued by companies involved in the healthcare industry.

Its portfolio may include common and preferred stocks, convertible securities, corporate debt and other investments across healthcare subsectors. These may include pharmaceuticals, biotechnology, medical devices and equipment, healthcare providers and services, healthcare technology, and related real estate companies.

The fund is managed by abrdn, a global investment management firm.