abrdn Healthcare Investors (NYSE:HQH) Sees Significant Growth in Short Interest

abrdn Healthcare Investors (NYSE:HQH) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 50,688 shares, an increase of 44.6% from the December 15th total of 35,063 shares. Based on an average daily volume of 150,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 150,900 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On abrdn Healthcare Investors

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after acquiring an additional 95,441 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of abrdn Healthcare Investors during the 1st quarter worth about $166,000. NewEdge Advisors LLC increased its stake in shares of abrdn Healthcare Investors by 3.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,274 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of abrdn Healthcare Investors by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 788 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in abrdn Healthcare Investors by 0.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 156,361 shares of the financial services provider’s stock worth $2,422,000 after acquiring an additional 768 shares during the last quarter. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Price Performance

Shares of abrdn Healthcare Investors stock traded down $0.16 during midday trading on Friday, hitting $18.85. 540,398 shares of the company were exchanged, compared to its average volume of 160,406. The firm has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $17.73. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.69.

abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Friday, November 21st were paid a $0.57 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.28 annualized dividend and a dividend yield of 12.1%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.51.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.