Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 71.5% in July

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 50,789 shares, a drop of 71.5% from the July 15th total of 177,929 shares. Based on an average daily trading volume, of 194,716 shares, the short-interest ratio is currently 0.3 days.

Abrdn World Healthcare Fund Stock Performance

Shares of THW traded up $0.10 during midday trading on Friday, hitting $13.98. 124,617 shares of the stock traded hands, compared to its average volume of 137,446. The business’s 50 day moving average price is $13.19 and its two-hundred day moving average price is $12.71. Abrdn World Healthcare Fund has a 1-year low of $11.08 and a 1-year high of $14.10.

Abrdn World Healthcare Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after buying an additional 1,390 shares during the last quarter. Cetera Investment Advisers increased its position in Abrdn World Healthcare Fund by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 68,817 shares of the company’s stock valued at $706,000 after acquiring an additional 8,801 shares during the period. Ameriprise Financial Inc. increased its position in Abrdn World Healthcare Fund by 23.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,404 shares of the company’s stock valued at $322,000 after acquiring an additional 5,886 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Abrdn World Healthcare Fund during the 2nd quarter valued at $113,000. Finally, SeaCrest Wealth Management LLC raised its stake in Abrdn World Healthcare Fund by 9.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock valued at $195,000 after acquiring an additional 1,247 shares in the last quarter.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.