abrdn Healthcare Investors (NYSE:HQH) Sees Significant Drop in Short Interest

abrdn Healthcare Investors (NYSE:HQH) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 101,941 shares, a drop of 46.7% from the February 12th total of 191,363 shares. Based on an average trading volume of 260,083 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 260,083 shares, the short-interest ratio is presently 0.4 days.

abrdn Healthcare Investors Stock Performance

HQH stock traded down $0.35 during midday trading on Thursday, reaching $18.25. The company’s stock had a trading volume of 163,492 shares, compared to its average volume of 212,208. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $20.46. The stock has a fifty day simple moving average of $19.19 and a two-hundred day simple moving average of $18.61.

abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.52 annualized dividend and a yield of 13.8%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of abrdn Healthcare Investors during the first quarter valued at approximately $166,000. NewEdge Advisors LLC boosted its holdings in shares of abrdn Healthcare Investors by 3.0% in the first quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,274 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 788 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in abrdn Healthcare Investors by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 28,687 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 2,438 shares in the last quarter. 32.60% of the stock is owned by hedge funds and other institutional investors.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.