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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 115,500 shares, a drop of 26.4% from the October 31st total of 156,900 shares. Based on an average daily volume of 116,000 shares, the days-to-cover ratio is presently 1.0 days.

Abrdn Healthcare Opportunities Fund Stock Up 1.4 %

Shares of NYSE THQ traded up $0.29 during trading on Friday, hitting $20.88. The company had a trading volume of 124,089 shares, compared to its average volume of 134,119. Abrdn Healthcare Opportunities Fund has a 12 month low of $16.95 and a 12 month high of $22.60. The stock has a 50 day simple moving average of $21.26 and a 200 day simple moving average of $21.05.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a yield of 10.34%. The ex-dividend date was Thursday, November 21st.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new position in Abrdn Healthcare Opportunities Fund in the 3rd quarter worth approximately $44,000. Ashton Thomas Securities LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter valued at approximately $86,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth $202,000.

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.