Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 139,500 shares, a drop of 19.7% from the March 31st total of 173,800 shares. Based on an average daily volume of 120,100 shares, the short-interest ratio is currently 1.2 days.
Abrdn World Healthcare Fund Stock Performance
Shares of NYSE THW traded up $0.10 during trading hours on Monday, hitting $12.77. 58,531 shares of the company traded hands, compared to its average volume of 132,710. The company’s 50 day moving average price is $12.75 and its 200 day moving average price is $12.08. Abrdn World Healthcare Fund has a 12 month low of $9.76 and a 12 month high of $14.75.
Abrdn World Healthcare Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date of this dividend is Monday, April 22nd.
Institutional Investors Weigh In On Abrdn World Healthcare Fund
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.
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