Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 161,000 shares, a growth of 116.4% from the October 31st total of 74,400 shares. Based on an average daily trading volume, of 140,000 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Several institutional investors and hedge funds have recently modified their holdings of HQH. Truvestments Capital LLC bought a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at approximately $46,000. Northwest Investment Counselors LLC bought a new stake in Abrdn Healthcare Investors in the third quarter worth approximately $57,000. TD Private Client Wealth LLC acquired a new position in shares of Abrdn Healthcare Investors during the 3rd quarter worth $66,000. EverSource Wealth Advisors LLC bought a new position in shares of Abrdn Healthcare Investors during the 2nd quarter valued at $93,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Abrdn Healthcare Investors in the 2nd quarter valued at $101,000. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Price Performance

Shares of NYSE HQH traded up $0.03 during mid-day trading on Friday, reaching $17.43. The company had a trading volume of 87,171 shares, compared to its average volume of 159,924. The stock has a fifty day moving average of $18.20 and a two-hundred day moving average of $18.10. Abrdn Healthcare Investors has a 12-month low of $14.72 and a 12-month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.23%. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

About Abrdn Healthcare Investors

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.