Abrdn World Healthcare Fund (NYSE:THW) Sees Large Growth in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 137,056 shares, a growth of 100.2% from the December 15th total of 68,464 shares. Based on an average trading volume of 140,967 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 140,967 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Abrdn World Healthcare Fund

Several large investors have recently bought and sold shares of THW. SeaCrest Wealth Management LLC raised its position in shares of Abrdn World Healthcare Fund by 9.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock worth $195,000 after acquiring an additional 1,247 shares in the last quarter. Royal Bank of Canada grew its stake in Abrdn World Healthcare Fund by 0.3% in the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after purchasing an additional 1,390 shares during the period. Wealth Effects LLC grew its stake in Abrdn World Healthcare Fund by 4.9% in the third quarter. Wealth Effects LLC now owns 30,100 shares of the company’s stock worth $379,000 after purchasing an additional 1,400 shares during the period. Wealth Quarterback LLC raised its holdings in Abrdn World Healthcare Fund by 4.0% in the third quarter. Wealth Quarterback LLC now owns 54,198 shares of the company’s stock worth $683,000 after purchasing an additional 2,083 shares in the last quarter. Finally, Triumph Capital Management lifted its position in Abrdn World Healthcare Fund by 10.3% during the second quarter. Triumph Capital Management now owns 28,749 shares of the company’s stock valued at $295,000 after buying an additional 2,692 shares during the period.

Abrdn World Healthcare Fund Price Performance

Shares of Abrdn World Healthcare Fund stock opened at $12.76 on Friday. Abrdn World Healthcare Fund has a 12-month low of $9.80 and a 12-month high of $13.19. The company’s fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $12.05.

Abrdn World Healthcare Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a dividend of $0.1167 per share. The ex-dividend date is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 11.0%.

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.