Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Large Decrease in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 54,500 shares, a decline of 64.4% from the November 30th total of 153,000 shares. Based on an average daily volume of 137,400 shares, the days-to-cover ratio is presently 0.4 days.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of Abrdn Healthcare Opportunities Fund stock traded up $0.09 on Thursday, hitting $19.35. The company’s stock had a trading volume of 42,594 shares, compared to its average volume of 136,601. The firm has a fifty day moving average price of $20.47 and a 200-day moving average price of $20.99. Abrdn Healthcare Opportunities Fund has a 52-week low of $17.92 and a 52-week high of $22.60.

Abrdn Healthcare Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of THQ. Aviance Capital Partners LLC boosted its position in Abrdn Healthcare Opportunities Fund by 0.9% during the 3rd quarter. Aviance Capital Partners LLC now owns 82,135 shares of the company’s stock worth $1,814,000 after purchasing an additional 713 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in Abrdn Healthcare Opportunities Fund by 1.7% in the third quarter. Consolidated Portfolio Review Corp now owns 53,518 shares of the company’s stock worth $1,182,000 after purchasing an additional 874 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 1.2% in the 2nd quarter. Private Advisor Group LLC now owns 92,078 shares of the company’s stock valued at $1,877,000 after buying an additional 1,090 shares during the period. Fortitude Family Office LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund during the third quarter valued at approximately $28,000. Finally, Next Level Private LLC boosted its position in Abrdn Healthcare Opportunities Fund by 4.2% during the 3rd quarter. Next Level Private LLC now owns 33,670 shares of the company’s stock valued at $743,000 after purchasing an additional 1,368 shares during the period.

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.