Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Declines By 72.3%

Abrdn World Healthcare Fund (NYSE:THW) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 16,923 shares, a decline of 72.3% from the January 29th total of 61,071 shares. Based on an average daily volume of 159,646 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 159,646 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Penserra Capital Management LLC grew its position in shares of Abrdn World Healthcare Fund by 3.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,106,178 shares of the company’s stock valued at $13,937,000 after buying an additional 38,973 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in shares of Abrdn World Healthcare Fund by 112.9% during the third quarter. Cornerstone Advisors LLC now owns 665,422 shares of the company’s stock valued at $8,384,000 after purchasing an additional 352,906 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after purchasing an additional 1,390 shares during the last quarter. LPL Financial LLC raised its position in shares of Abrdn World Healthcare Fund by 1.7% during the 4th quarter. LPL Financial LLC now owns 323,675 shares of the company’s stock worth $4,137,000 after purchasing an additional 5,334 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of Abrdn World Healthcare Fund by 2.0% in the 3rd quarter. CoreCap Advisors LLC now owns 237,660 shares of the company’s stock worth $2,995,000 after purchasing an additional 4,635 shares during the last quarter.

Abrdn World Healthcare Fund Stock Down 1.1%

Abrdn World Healthcare Fund stock traded down $0.14 during midday trading on Thursday, hitting $12.54. The stock had a trading volume of 102,186 shares, compared to its average volume of 179,650. The business has a fifty day moving average price of $12.75 and a 200 day moving average price of $12.47. Abrdn World Healthcare Fund has a 12 month low of $9.80 and a 12 month high of $13.19.

Abrdn World Healthcare Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a dividend of $0.1167 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 11.2%.

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.