Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Declines By 72.3%

Abrdn World Healthcare Fund (NYSE:THW) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 16,923 shares, a drop of 72.3% from the January 29th total of 61,071 shares. Based on an average trading volume of 159,646 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 159,646 shares, the days-to-cover ratio is currently 0.1 days.

Abrdn World Healthcare Fund Price Performance

Shares of THW stock traded down $0.14 on Thursday, hitting $12.54. The stock had a trading volume of 102,186 shares, compared to its average volume of 179,650. The stock’s 50 day moving average is $12.75 and its 200-day moving average is $12.47. Abrdn World Healthcare Fund has a 52-week low of $9.80 and a 52-week high of $13.19.

Abrdn World Healthcare Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.1167 dividend. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of THW. Mercer Global Advisors Inc. ADV acquired a new stake in Abrdn World Healthcare Fund during the 4th quarter valued at approximately $157,000. Readystate Asset Management LP acquired a new stake in shares of Abrdn World Healthcare Fund during the fourth quarter worth approximately $1,939,000. Kovack Advisors Inc. acquired a new stake in shares of Abrdn World Healthcare Fund during the fourth quarter worth approximately $251,000. Osaic Holdings Inc. increased its stake in shares of Abrdn World Healthcare Fund by 10.3% in the fourth quarter. Osaic Holdings Inc. now owns 129,764 shares of the company’s stock worth $1,658,000 after buying an additional 12,116 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Abrdn World Healthcare Fund by 0.9% in the fourth quarter. Royal Bank of Canada now owns 446,743 shares of the company’s stock valued at $5,710,000 after acquiring an additional 4,138 shares in the last quarter.

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.