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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 119,400 shares, a growth of 48.0% from the September 15th total of 80,700 shares. Based on an average trading volume of 296,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 296,700 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently modified their holdings of THQ. Penserra Capital Management LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 281.6% in the first quarter. Penserra Capital Management LLC now owns 926,739 shares of the company’s stock worth $19,127,000 after purchasing an additional 683,853 shares during the period. Westbourne Investment Advisors Inc. purchased a new stake in Abrdn Healthcare Opportunities Fund in the second quarter worth about $835,000. Stolper Co purchased a new stake in Abrdn Healthcare Opportunities Fund in the third quarter worth about $643,000. Cetera Investment Advisers grew its holdings in Abrdn Healthcare Opportunities Fund by 74.0% in the first quarter. Cetera Investment Advisers now owns 72,329 shares of the company’s stock worth $1,493,000 after purchasing an additional 30,752 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Abrdn Healthcare Opportunities Fund in the second quarter worth about $475,000.

Abrdn Healthcare Opportunities Fund Stock Performance

THQ stock opened at $18.19 on Friday. The firm’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $17.78. Abrdn Healthcare Opportunities Fund has a 12-month low of $15.14 and a 12-month high of $21.69.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be given a $0.18 dividend. The ex-dividend date is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities 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 securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.