Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Drops By 72.3%

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 16,923 shares, a decline of 72.3% from the January 29th total of 61,071 shares. Based on an average daily trading volume, of 159,646 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 159,646 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Advisors LLC grew its holdings in Abrdn World Healthcare Fund by 112.9% in the third quarter. Cornerstone Advisors LLC now owns 665,422 shares of the company’s stock worth $8,384,000 after purchasing an additional 352,906 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Abrdn World Healthcare Fund in the 4th quarter worth $1,939,000. Janney Montgomery Scott LLC boosted its position in shares of Abrdn World Healthcare Fund by 59.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 234,266 shares of the company’s stock worth $2,994,000 after purchasing an additional 87,019 shares in the last quarter. NewEdge Advisors LLC grew its stake in Abrdn World Healthcare Fund by 404.6% during the 3rd quarter. NewEdge Advisors LLC now owns 73,560 shares of the company’s stock worth $927,000 after buying an additional 58,983 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Abrdn World Healthcare Fund by 245.1% during the 3rd quarter. Wedbush Securities Inc. now owns 71,384 shares of the company’s stock valued at $899,000 after buying an additional 50,700 shares in the last quarter.

Abrdn World Healthcare Fund Trading Up 1.3%

THW traded up $0.16 during trading hours on Friday, hitting $12.76. The company’s stock had a trading volume of 204,728 shares, compared to its average volume of 183,247. The business’s 50-day moving average price is $12.75 and its 200-day moving average price is $12.49. Abrdn World Healthcare Fund has a 12 month low of $9.80 and a 12 month high of $13.19.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Friday, February 20th.

Abrdn World Healthcare Fund Company Profile

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.