Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Rises By 90.6%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 35,135 shares, a growth of 90.6% from the August 15th total of 18,438 shares. Based on an average daily trading volume, of 141,145 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several large investors have recently bought and sold shares of THQ. PFG Investments LLC grew its position in Abrdn Healthcare Opportunities Fund by 4.5% during the first quarter. PFG Investments LLC now owns 15,140 shares of the company’s stock worth $254,000 after buying an additional 653 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Abrdn Healthcare Opportunities Fund by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock valued at $748,000 after acquiring an additional 657 shares in the last quarter. Waverly Advisors LLC raised its holdings in Abrdn Healthcare Opportunities Fund by 7.3% in the 2nd quarter. Waverly Advisors LLC now owns 11,730 shares of the company’s stock valued at $220,000 after acquiring an additional 800 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Abrdn Healthcare Opportunities Fund by 4.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 27,089 shares of the company’s stock worth $518,000 after acquiring an additional 1,193 shares during the period. Finally, World Equity Group Inc. lifted its position in shares of Abrdn Healthcare Opportunities Fund by 8.7% in the 2nd quarter. World Equity Group Inc. now owns 20,336 shares of the company’s stock worth $381,000 after acquiring an additional 1,636 shares during the period.

Abrdn Healthcare Opportunities Fund Stock Performance

NYSE THQ traded down $0.22 during trading on Tuesday, hitting $18.93. The company’s stock had a trading volume of 153,931 shares, compared to its average volume of 170,358. Abrdn Healthcare Opportunities Fund has a 52 week low of $16.28 and a 52 week high of $20.39. The firm has a 50 day moving average price of $19.23 and a 200 day moving average price of $18.56.

Abrdn Healthcare Opportunities Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 10.8%.

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.