Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Increases By 183.9%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 341,629 shares, an increase of 183.9% from the December 31st total of 120,327 shares. Based on an average daily volume of 222,754 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 222,754 shares, the days-to-cover ratio is currently 1.5 days.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of NYSE:THQ opened at $18.97 on Thursday. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.14 and a 12 month high of $21.38. The stock’s 50 day moving average price is $19.17 and its 200 day moving average price is $17.96.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 11.4%.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of Abrdn Healthcare Opportunities Fund by 0.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 254,515 shares of the company’s stock worth $4,681,000 after buying an additional 1,258 shares during the last quarter. Heron Bay Capital Management grew its stake in shares of Abrdn Healthcare Opportunities Fund by 0.4% in the second quarter. Heron Bay Capital Management now owns 456,560 shares of the company’s stock worth $8,396,000 after acquiring an additional 1,785 shares during the last quarter. Westbourne Investment Advisors Inc. bought a new position in Abrdn Healthcare Opportunities Fund during the second quarter worth $835,000. Allworth Financial LP acquired a new position in Abrdn Healthcare Opportunities Fund during the 2nd quarter valued at $44,000. Finally, Samalin Investment Counsel LLC boosted its holdings in Abrdn Healthcare Opportunities Fund by 8.7% in the 2nd quarter. Samalin Investment Counsel LLC now owns 48,870 shares of the company’s stock valued at $899,000 after purchasing an additional 3,907 shares during the period.

About Abrdn Healthcare Opportunities Fund

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.