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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 421,865 shares, a decline of 34.9% from the June 15th total of 647,719 shares. Based on an average daily trading volume, of 318,665 shares, the days-to-cover ratio is currently 1.3 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of THQ opened at $18.73 on Friday. Abrdn Healthcare Opportunities Fund has a one year low of $15.14 and a one year high of $20.39. The company has a 50-day simple moving average of $18.55 and a two-hundred day simple moving average of $18.58.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 11.5%.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several hedge funds have recently made changes to their positions in THQ. Heron Bay Capital Management increased its position in Abrdn Healthcare Opportunities Fund by 20.6% during the 4th quarter. Heron Bay Capital Management now owns 592,723 shares of the company’s stock valued at $11,339,000 after buying an additional 101,439 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Abrdn Healthcare Opportunities Fund in the third quarter worth $1,479,000. Evolve Private Wealth LLC purchased a new stake in shares of Abrdn Healthcare Opportunities Fund in the fourth quarter worth $1,436,000. Susquehanna International Group LLP purchased a new stake in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth $1,157,000. Finally, Millennium Management LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund during the third quarter valued at $964,000.

About Abrdn Healthcare Opportunities Fund

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.