Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Significant Decrease in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 115,500 shares, a drop of 26.4% from the October 31st total of 156,900 shares. Based on an average daily volume of 116,000 shares, the days-to-cover ratio is presently 1.0 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of Abrdn Healthcare Opportunities Fund stock traded up $0.29 during trading hours on Friday, reaching $20.88. The stock had a trading volume of 124,089 shares, compared to its average volume of 134,119. The firm has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $21.03. Abrdn Healthcare Opportunities Fund has a 1 year low of $16.95 and a 1 year high of $22.60.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 10.34%.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several hedge funds have recently modified their holdings of the stock. Aviance Capital Partners LLC raised its holdings in shares of Abrdn Healthcare Opportunities Fund by 0.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 82,135 shares of the company’s stock valued at $1,814,000 after buying an additional 713 shares during the period. Consolidated Portfolio Review Corp raised its holdings in shares of Abrdn Healthcare Opportunities Fund by 1.7% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 53,518 shares of the company’s stock valued at $1,182,000 after buying an additional 874 shares during the period. Private Advisor Group LLC grew its stake in Abrdn Healthcare Opportunities Fund by 1.2% during the 2nd quarter. Private Advisor Group LLC now owns 92,078 shares of the company’s stock valued at $1,877,000 after purchasing an additional 1,090 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the 3rd quarter valued at approximately $28,000. Finally, &PARTNERS grew its stake in Abrdn Healthcare Opportunities Fund by 9.8% during the 2nd quarter. &PARTNERS now owns 15,338 shares of the company’s stock valued at $313,000 after purchasing an additional 1,364 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities 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 securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.