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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 18,438 shares, a decline of 71.3% from the July 30th total of 64,134 shares. Based on an average daily volume of 141,399 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of THQ. Northwestern Mutual Wealth Management Co. grew its holdings in Abrdn Healthcare Opportunities Fund by 216.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock worth $81,000 after acquiring an additional 2,891 shares during the period. Comerica Bank raised its position in Abrdn Healthcare Opportunities Fund by 30.3% during the third quarter. Comerica Bank now owns 11,244 shares of the company’s stock valued at $194,000 after acquiring an additional 2,613 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Abrdn Healthcare Opportunities Fund in the second quarter valued at approximately $208,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Abrdn Healthcare Opportunities Fund in the 1st quarter worth approximately $228,000. Finally, Fifth Third Bancorp purchased a new stake in Abrdn Healthcare Opportunities Fund in the 1st quarter worth approximately $232,000.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of NYSE THQ traded down $0.10 during mid-day trading on Friday, hitting $19.61. The stock had a trading volume of 150,599 shares, compared to its average volume of 174,056. The company has a 50 day moving average of $19.06 and a two-hundred day moving average of $18.53. Abrdn Healthcare Opportunities Fund has a twelve month low of $16.28 and a twelve month high of $20.39.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.18 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

Abrdn Healthcare Opportunities Fund Company Profile

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.