Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 19.7% in October

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 102,600 shares, a decline of 19.7% from the September 30th total of 127,700 shares. Based on an average daily volume of 101,900 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in THW. Adirondack Trust Co. bought a new position in Abrdn World Healthcare Fund in the 3rd quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of Abrdn World Healthcare Fund during the 3rd quarter worth $73,000. EverSource Wealth Advisors LLC purchased a new stake in Abrdn World Healthcare Fund in the second quarter worth about $72,000. Kapstone Financial Advisors LLC bought a new stake in Abrdn World Healthcare Fund during the 2nd quarter worth approximately $138,000. Finally, Hartline Investment Corp bought a new position in Abrdn World Healthcare Fund in the 1st quarter worth $164,000.

Abrdn World Healthcare Fund Stock Down 0.4 %

Shares of THW traded down $0.05 during trading hours on Friday, reaching $12.61. 76,582 shares of the stock traded hands, compared to its average volume of 109,588. The stock has a fifty day simple moving average of $13.12 and a 200 day simple moving average of $12.99. Abrdn World Healthcare Fund has a 52 week low of $9.76 and a 52 week high of $13.48.

Abrdn World Healthcare Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Thursday, October 24th.

Abrdn World Healthcare Fund Company Profile

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.