Abrdn World Healthcare Fund (NYSE:THW) Sees Significant Decline in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 93,500 shares, a decrease of 33.3% from the September 30th total of 140,100 shares. Based on an average daily volume of 144,000 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 144,000 shares, the short-interest ratio is currently 0.6 days.

Abrdn World Healthcare Fund Trading Down 4.5%

Abrdn World Healthcare Fund stock traded down $0.59 during mid-day trading on Monday, hitting $12.48. The company had a trading volume of 367,339 shares, compared to its average volume of 162,379. The stock’s 50 day moving average price is $12.40 and its two-hundred day moving average price is $11.24. Abrdn World Healthcare Fund has a 12 month low of $9.80 and a 12 month high of $13.13.

Abrdn World Healthcare Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 24th were issued a $0.1167 dividend. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend was Friday, October 24th.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its holdings in shares of Abrdn World Healthcare Fund by 2.7% during the first quarter. Blair William & Co. IL now owns 38,300 shares of the company’s stock valued at $442,000 after purchasing an additional 1,000 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after purchasing an additional 1,390 shares in the last quarter. Wealth Effects LLC lifted its holdings in shares of Abrdn World Healthcare Fund by 4.9% during the third quarter. Wealth Effects LLC now owns 30,100 shares of the company’s stock valued at $379,000 after purchasing an additional 1,400 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of Abrdn World Healthcare Fund by 7.4% during the first quarter. Triumph Capital Management now owns 26,057 shares of the company’s stock valued at $300,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its holdings in Abrdn World Healthcare Fund by 4.0% in the third quarter. Wealth Quarterback LLC now owns 54,198 shares of the company’s stock valued at $683,000 after acquiring an additional 2,083 shares during the period.

About Abrdn World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.