Abrdn World Healthcare Fund (NYSE:THW) Stock Short Interest Report for September

Abrdn World Healthcare Fund (NYSE:THW) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 67,230 shares, a growth of 67.5% from the September 15th total of 40,137 shares. Based on an average daily volume of 107,584 shares, the days-to-cover ratio is currently 0.6 days.

Abrdn World Healthcare Fund Trading Up 2.2%

Shares of Abrdn World Healthcare Fund stock opened at $12.20 on Friday. The stock has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $13.02. Abrdn World Healthcare Fund has a 12-month low of $11.18 and a 12-month high of $14.50.

Abrdn World Healthcare Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 10.8%. This is a negative change from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Institutional Trading of Abrdn World Healthcare Fund

Several institutional investors have recently made changes to their positions in the company. Triumph Capital Management lifted its position in shares of Abrdn World Healthcare Fund by 3.7% during the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after purchasing an additional 1,128 shares in the last quarter. Bank of America Corp DE boosted its holdings in Abrdn World Healthcare Fund by 4.8% during the first quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock worth $407,000 after purchasing an additional 1,595 shares during the last quarter. Allied Private Wealth LLC purchased a new position in Abrdn World Healthcare Fund during the second quarter worth about $27,000. Empire Financial Management Company LLC boosted its holdings in Abrdn World Healthcare Fund by 3.7% during the first quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock worth $743,000 after purchasing an additional 2,265 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in Abrdn World Healthcare Fund by 6.0% in the 1st quarter. Kestra Advisory Services LLC now owns 52,041 shares of the company’s stock worth $607,000 after purchasing an additional 2,939 shares in the last quarter.

Abrdn World Healthcare Fund Company Profile

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare sector. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation by investing in healthcare-related companies and securities.

The fund’s portfolio may include pharmaceutical, biotechnology, medical device, healthcare services, diagnostics, life sciences and other healthcare businesses. Its investments can span companies at different stages of development and may include issuers located in the United States and international markets, giving the fund exposure to healthcare trends across multiple geographies.

The fund was formerly known as Tekla World Healthcare Fund and adopted the abrdn World Healthcare Fund name following the transition of its investment management platform to abrdn.