Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Expands By 38.2%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 120,327 shares, a growth of 38.2% from the December 15th total of 87,043 shares. Based on an average daily volume of 139,036 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 139,036 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors have recently made changes to their positions in THQ. Landscape Capital Management L.L.C. bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at approximately $1,479,000. Wolverine Asset Management LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at about $1,197,000. Susquehanna International Group LLP bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 3rd quarter valued at about $1,157,000. Readystate Asset Management LP acquired a new stake in Abrdn Healthcare Opportunities Fund during the third quarter worth about $979,000. Finally, Millennium Management LLC bought a new position in Abrdn Healthcare Opportunities Fund in the third quarter worth about $964,000.

Abrdn Healthcare Opportunities Fund Stock Down 0.4%

Shares of NYSE:THQ traded down $0.07 during trading on Friday, reaching $19.72. 672,918 shares of the stock were exchanged, compared to its average volume of 263,638. Abrdn Healthcare Opportunities Fund has a 12-month low of $15.14 and a 12-month high of $21.38. The firm’s 50-day moving average price is $18.91 and its 200 day moving average price is $17.88.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 11.0%.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.