Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 177,929 shares, an increase of 85.6% from the June 30th total of 95,888 shares. Based on an average daily volume of 162,959 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings 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 buying an additional 1,390 shares during the period. Cetera Investment Advisers grew its holdings in shares of Abrdn World Healthcare Fund by 14.7% during the 2nd quarter. Cetera Investment Advisers now owns 68,817 shares of the company’s stock worth $706,000 after acquiring an additional 8,801 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Abrdn World Healthcare Fund by 23.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,404 shares of the company’s stock worth $322,000 after acquiring an additional 5,886 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Abrdn World Healthcare Fund in the 2nd quarter worth approximately $113,000. Finally, 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.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE THW opened at $13.27 on Friday. Abrdn World Healthcare Fund has a 12 month low of $10.60 and a 12 month high of $13.79. The firm has a fifty day simple moving average of $12.99 and a two-hundred day simple moving average of $12.65.

Abrdn World Healthcare Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd were paid a dividend of $0.1167 per share. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

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.