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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 222,527 shares, a decrease of 41.5% from the January 29th total of 380,326 shares. Based on an average trading volume of 138,517 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 138,517 shares, the days-to-cover ratio is presently 1.6 days.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of NYSE THQ traded down $0.12 during midday trading on Monday, hitting $19.17. 183,834 shares of the company’s stock were exchanged, compared to its average volume of 186,446. The firm’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $18.36. Abrdn Healthcare Opportunities Fund has a twelve month low of $15.14 and a twelve month high of $21.30.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 11.3%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in Abrdn Healthcare Opportunities Fund during the 2nd quarter worth $44,000. Geneos Wealth Management Inc. grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 270.3% during the third quarter. Geneos Wealth Management Inc. now owns 4,110 shares of the company’s stock worth $71,000 after purchasing an additional 3,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abrdn Healthcare Opportunities Fund by 216.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock worth $81,000 after purchasing an additional 2,891 shares during the last quarter. Baker Avenue Asset Management LP acquired a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth about $184,000. Finally, Tactive Advisors LLC purchased a new stake in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at about $188,000.

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.