Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 175,006 shares, a decline of 28.6% from the February 26th total of 245,275 shares. Based on an average daily trading volume, of 124,222 shares, the days-to-cover ratio is presently 1.4 days.

Abrdn Healthcare Opportunities Fund Trading Down 2.0%

THQ stock traded down $0.33 on Monday, reaching $16.32. 305,158 shares of the company’s stock were exchanged, compared to its average volume of 172,917. The stock has a fifty day moving average of $18.65 and a 200-day moving average of $18.47. Abrdn Healthcare Opportunities Fund has a twelve month low of $15.14 and a twelve month high of $20.74.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Tuesday, March 24th.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Abrdn Healthcare Opportunities Fund by 1.2% in the fourth quarter. Royal Bank of Canada now owns 1,125,857 shares of the company’s stock valued at $21,537,000 after purchasing an additional 13,043 shares during the period. Heron Bay Capital Management grew its position in Abrdn Healthcare Opportunities Fund by 20.6% during the fourth quarter. Heron Bay Capital Management now owns 592,723 shares of the company’s stock worth $11,339,000 after buying an additional 101,439 shares during the period. LPL Financial LLC grew its position in Abrdn Healthcare Opportunities Fund by 7.0% during the fourth quarter. LPL Financial LLC now owns 332,325 shares of the company’s stock worth $6,357,000 after buying an additional 21,613 shares during the period. UBS Group AG increased its holdings in Abrdn Healthcare Opportunities Fund by 4.1% in the fourth quarter. UBS Group AG now owns 295,613 shares of the company’s stock valued at $5,655,000 after buying an additional 11,553 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Abrdn Healthcare Opportunities Fund by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock valued at $4,041,000 after buying an additional 12,244 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

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.