abrdn Healthcare Investors (NYSE:HQH) Sees Significant Decrease in Short Interest

abrdn Healthcare Investors (NYSE:HQH) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 35,063 shares, a decrease of 23.0% from the November 30th total of 45,516 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 181,760 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 181,760 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On abrdn Healthcare Investors

A number of large investors have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in shares of abrdn Healthcare Investors in the third quarter valued at about $30,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of abrdn Healthcare Investors in the second quarter worth approximately $34,000. Guerra Advisors Inc purchased a new position in abrdn Healthcare Investors in the 3rd quarter valued at $39,000. Geneos Wealth Management Inc. boosted its stake in abrdn Healthcare Investors by 9,232.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 2,862 shares during the last quarter. Finally, Colonial Trust Advisors acquired a new stake in abrdn Healthcare Investors during the 2nd quarter worth $57,000. 32.60% of the stock is currently owned by institutional investors and hedge funds.

abrdn Healthcare Investors Stock Up 0.1%

HQH traded up $0.03 during trading on Tuesday, hitting $18.93. The company’s stock had a trading volume of 251,928 shares, compared to its average volume of 152,710. abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month high of $19.69. The business’s fifty day simple moving average is $18.93 and its 200 day simple moving average is $17.43.

abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, November 21st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.28 dividend on an annualized basis and a yield of 12.0%. This is an increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.51.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.