Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Significant Increase in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 96,700 shares, an increase of 77.4% from the December 15th total of 54,500 shares. Based on an average trading volume of 149,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Abrdn Healthcare Opportunities Fund by 2,108.0% in the third quarter. International Assets Investment Management LLC now owns 299,493 shares of the company’s stock valued at $6,613,000 after purchasing an additional 285,929 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at about $5,001,000. Sanctuary Advisors LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at approximately $2,654,000. Greenleaf Trust bought a new position in Abrdn Healthcare Opportunities Fund during the 3rd quarter worth approximately $1,518,000. Finally, Cerity Partners LLC bought a new position in Abrdn Healthcare Opportunities Fund during the 3rd quarter worth approximately $503,000.

Abrdn Healthcare Opportunities Fund Trading Up 0.2 %

Shares of THQ traded up $0.04 during trading hours on Friday, hitting $19.96. 921,766 shares of the stock traded hands, compared to its average volume of 274,770. The business has a fifty day moving average of $19.69 and a 200-day moving average of $20.85. Abrdn Healthcare Opportunities Fund has a 1-year low of $17.92 and a 1-year high of $22.60.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.18 dividend. The ex-dividend date is Friday, January 24th. This represents a $2.16 annualized dividend and a yield of 10.82%.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.