Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Declines By 50.8%

Abrdn World Healthcare Fund (NYSE:THW) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 24,996 shares, a decline of 50.8% from the July 30th total of 50,789 shares. Based on an average trading volume of 112,598 shares, the short-interest ratio is presently 0.2 days.

Abrdn World Healthcare Fund Stock Down 0.5%

THW traded down $0.07 on Friday, hitting $13.95. The company had a trading volume of 109,289 shares, compared to its average volume of 137,120. The company’s fifty day moving average price is $13.54 and its 200 day moving average price is $12.82. Abrdn World Healthcare Fund has a 1-year low of $11.18 and a 1-year high of $14.50.

Abrdn World Healthcare Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.1167 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management boosted its position in shares of Abrdn World Healthcare Fund by 3.7% in the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after acquiring an additional 1,128 shares during the period. Allied Private Wealth LLC acquired a new position in Abrdn World Healthcare Fund during the 2nd quarter valued at $27,000. Bank of America Corp DE boosted its holdings in Abrdn World Healthcare Fund by 4.8% in the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after purchasing an additional 1,595 shares during the period. Empire Financial Management Company LLC boosted its holdings in Abrdn World Healthcare Fund by 3.7% in the 1st quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock valued at $743,000 after purchasing an additional 2,265 shares during the period. Finally, Royal Bank of Canada grew its position in Abrdn World Healthcare Fund by 3.6% in the 1st quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock worth $5,401,000 after purchasing an additional 16,093 shares during the last quarter.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.