Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.2% from the February 13th total of 259,400 shares. Based on an average daily volume of 207,000 shares, the days-to-cover ratio is presently 1.1 days.

Abrdn World Healthcare Fund Trading Down 0.0 %

Abrdn World Healthcare Fund stock traded down $0.00 during midday trading on Wednesday, reaching $11.92. 114,306 shares of the company were exchanged, compared to its average volume of 131,398. The firm’s 50-day simple moving average is $11.85 and its 200-day simple moving average is $12.18. Abrdn World Healthcare Fund has a 1 year low of $10.91 and a 1 year high of $13.48.

Abrdn World Healthcare Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be given a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of Abrdn World Healthcare Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THW. Elequin Capital LP purchased a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at about $62,000. Brown Brothers Harriman & Co. purchased a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at about $66,000. GWN Securities Inc. purchased a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at about $145,000. Ameriflex Group Inc. purchased a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at about $158,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Abrdn World Healthcare Fund in the 4th quarter valued at about $176,000.

Abrdn World Healthcare Fund Company Profile

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.