Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Grows By 183.9%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 341,629 shares, an increase of 183.9% from the December 31st total of 120,327 shares. Based on an average daily volume of 222,754 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 222,754 shares, the short-interest ratio is presently 1.5 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Abrdn Healthcare Opportunities Fund stock opened at $19.15 on Friday. The business has a 50 day simple moving average of $19.21 and a 200-day simple moving average of $17.98. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.14 and a 12 month high of $21.38.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were issued a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Friday, January 23rd.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Abrdn Healthcare Opportunities Fund by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 254,515 shares of the company’s stock worth $4,681,000 after buying an additional 1,258 shares during the last quarter. Heron Bay Capital Management grew its holdings in Abrdn Healthcare Opportunities Fund by 0.4% during the 2nd quarter. Heron Bay Capital Management now owns 456,560 shares of the company’s stock worth $8,396,000 after acquiring an additional 1,785 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter worth about $835,000. Allworth Financial LP bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter worth about $44,000. Finally, Samalin Investment Counsel LLC raised its stake in shares of Abrdn Healthcare Opportunities Fund by 8.7% in the 2nd quarter. Samalin Investment Counsel LLC now owns 48,870 shares of the company’s stock valued at $899,000 after purchasing an additional 3,907 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.