Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 120,600 shares, a drop of 20.4% from the August 15th total of 151,600 shares. Based on an average trading volume of 123,900 shares, the short-interest ratio is currently 1.0 days.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of THQ stock opened at $21.72 on Monday. Abrdn Healthcare Opportunities Fund has a 1 year low of $15.29 and a 1 year high of $22.10. The firm has a fifty day moving average price of $21.37 and a 200-day moving average price of $20.43.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 9.94%. The ex-dividend date is Monday, September 23rd.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of THQ. Future Financial Wealth Managment LLC purchased a new stake in shares of Abrdn Healthcare Opportunities Fund during the first quarter worth about $46,000. EverSource Wealth Advisors LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the 2nd quarter valued at approximately $86,000. Jump Financial LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the fourth quarter valued at approximately $202,000. Weiss Asset Management LP purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the fourth quarter worth $205,000. Finally, SteelPeak Wealth LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth $211,000.

About Abrdn Healthcare Opportunities Fund

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.