Abrdn Healthcare Investors (NYSE:HQH) Sees Significant Growth in Short Interest

Abrdn Healthcare Investors (NYSE:HQH) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 161,000 shares, a growth of 116.4% from the October 31st total of 74,400 shares. Based on an average trading volume of 140,000 shares, the short-interest ratio is currently 1.2 days.

Abrdn Healthcare Investors Price Performance

Shares of NYSE HQH traded up $0.03 during mid-day trading on Friday, reaching $17.43. 87,171 shares of the company traded hands, compared to its average volume of 159,924. Abrdn Healthcare Investors has a fifty-two week low of $14.72 and a fifty-two week high of $19.79. The stock has a fifty day simple moving average of $18.20 and a 200-day simple moving average of $18.10.

Abrdn Healthcare Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.23%. The ex-dividend date is Thursday, November 21st. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

Institutional Trading of Abrdn Healthcare Investors

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at about $16,145,000. Raymond James & Associates boosted its holdings in Abrdn Healthcare Investors by 79.8% during the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock worth $6,614,000 after buying an additional 157,618 shares in the last quarter. Cetera Advisors LLC acquired a new position in Abrdn Healthcare Investors in the first quarter worth approximately $1,974,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Abrdn Healthcare Investors in the second quarter valued at $1,350,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Abrdn Healthcare Investors during the 2nd quarter worth $939,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.