Abrdn World Healthcare Fund (NYSE:THW) Sees Large Increase in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 40,137 shares, a growth of 337.2% from the August 31st total of 9,180 shares. Based on an average trading volume of 84,689 shares, the short-interest ratio is currently 0.5 days.

Abrdn World Healthcare Fund Price Performance

Shares of NYSE THW traded down $0.12 during mid-day trading on Friday, reaching $13.20. 49,562 shares of the company traded hands, compared to its average volume of 132,606. Abrdn World Healthcare Fund has a fifty-two week low of $11.18 and a fifty-two week high of $14.50. The stock has a fifty day simple moving average of $13.69 and a 200-day simple moving average of $12.97.

Abrdn World Healthcare Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is an increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.1167.

Institutional Trading of Abrdn World Healthcare Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management boosted its stake in Abrdn World Healthcare Fund by 3.7% during the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after buying an additional 1,128 shares in the last quarter. Allied Private Wealth LLC acquired a new position in Abrdn World Healthcare Fund during the second quarter worth about $27,000. Bank of America Corp DE raised its position in Abrdn World Healthcare Fund by 4.8% in the first quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock worth $407,000 after acquiring an additional 1,595 shares in the last quarter. Royal Bank of Canada raised its position in Abrdn World Healthcare Fund by 3.6% in the first quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock worth $5,401,000 after acquiring an additional 16,093 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Abrdn World Healthcare Fund by 7.1% in the 1st quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock valued at $1,004,000 after acquiring an additional 5,678 shares during the last quarter.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company managed by abrdn Inc The fund seeks to provide total return through a combination of current income and long-term capital appreciation by investing primarily in companies involved in the global healthcare industry.

Its portfolio may include pharmaceutical and biotechnology companies, medical device and equipment manufacturers, healthcare services providers, life sciences businesses, and other firms supporting healthcare delivery and research.