abrdn Healthcare Investors (NYSE:HQH) Stock Short Interest Report for October

abrdn Healthcare Investors (NYSE:HQH) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 28,923 shares, a decline of 55.1% from the September 30th total of 64,415 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 240,387 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of HQH. Wedbush Securities Inc. grew its stake in abrdn Healthcare Investors by 592.4% in the 2nd quarter. Wedbush Securities Inc. now owns 233,882 shares of the financial services provider’s stock valued at $4,530,000 after buying an additional 200,104 shares during the last quarter. NewEdge Advisors LLC lifted its position in abrdn Healthcare Investors by 32.7% during the first quarter. NewEdge Advisors LLC now owns 151,738 shares of the financial services provider’s stock worth $2,699,000 after acquiring an additional 37,393 shares during the last quarter. Bank of America Corp DE lifted its position in abrdn Healthcare Investors by 19.7% during the first quarter. Bank of America Corp DE now owns 225,672 shares of the financial services provider’s stock worth $4,015,000 after acquiring an additional 37,177 shares during the last quarter. Samalin Investment Counsel LLC lifted its position in abrdn Healthcare Investors by 17.9% during the third quarter. Samalin Investment Counsel LLC now owns 182,351 shares of the financial services provider’s stock worth $3,809,000 after acquiring an additional 27,735 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of abrdn Healthcare Investors by 0.5% during the first quarter. Royal Bank of Canada now owns 519,667 shares of the financial services provider’s stock worth $9,245,000 after acquiring an additional 2,582 shares during the period. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Price Performance

Shares of HQH stock traded down $0.03 during trading hours on Friday, reaching $21.39. 181,701 shares of the company were exchanged, compared to its average volume of 192,161. abrdn Healthcare Investors has a fifty-two week low of $17.14 and a fifty-two week high of $24.85. The stock’s fifty day moving average is $21.20 and its two-hundred day moving average is $20.30.

abrdn Healthcare Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th were given a $0.66 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 12.3%.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.