Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 5,800 shares, a decrease of 85.6% from the June 30th total of 40,200 shares. Based on an average trading volume of 164,200 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Abrdn Healthcare Investors

Institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in Abrdn Healthcare Investors in the first quarter worth $51,000. Blue Bell Private Wealth Management LLC lifted its position in Abrdn Healthcare Investors by 76.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 10,420 shares of the financial services provider’s stock worth $173,000 after buying an additional 4,520 shares during the last quarter. Milestone Asset Management LLC bought a new stake in Abrdn Healthcare Investors in the fourth quarter worth $212,000. Apollon Wealth Management LLC lifted its position in shares of Abrdn Healthcare Investors by 32.5% during the fourth quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 3,607 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Abrdn Healthcare Investors by 6.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,238 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,000 shares during the last quarter. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Stock Up 0.8 %

Shares of NYSE HQH traded up $0.14 during midday trading on Thursday, reaching $18.63. 123,391 shares of the stock traded hands, compared to its average volume of 165,149. Abrdn Healthcare Investors has a one year low of $14.31 and a one year high of $18.97. The company’s 50 day moving average is $17.41 and its 200 day moving average is $17.04.

Abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 23rd were given a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.48. This represents a $2.36 dividend on an annualized basis and a yield of 12.67%.

Abrdn Healthcare Investors Company Profile

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.