abrdn Healthcare Investors (NYSE:HQH) Stock Short Interest Falls 55.1%

abrdn Healthcare Investors (NYSE:HQH) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 28,923 shares, a drop of 55.1% from the September 30th total of 64,415 shares. Based on an average daily volume of 240,387 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several large investors have recently modified their holdings of the stock. Bollard Group LLC acquired a new stake in shares of abrdn Healthcare Investors during the 1st quarter worth about $25,000. Integrated Wealth Concepts LLC acquired a new position in abrdn Healthcare Investors during the 2nd quarter worth about $149,000. Ameritas Advisory Services LLC acquired a new stake in abrdn Healthcare Investors in the 2nd quarter valued at about $149,000. Fifth Third Bancorp acquired a new stake in abrdn Healthcare Investors in the 1st quarter valued at about $123,000. Finally, 180 Wealth Advisors LLC bought a new position in shares of abrdn Healthcare Investors in the second quarter worth about $219,000. 32.60% of the stock is currently owned by institutional investors.

abrdn Healthcare Investors Trading Down 0.1%

Shares of HQH stock traded down $0.03 during mid-day trading on Friday, reaching $21.39. The company’s stock had a trading volume of 181,701 shares, compared to its average volume of 192,161. The firm’s 50-day moving average is $21.20 and its two-hundred day moving average is $20.30. abrdn Healthcare Investors has a 1-year low of $17.14 and a 1-year high of $24.85.

abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th were paid a dividend of $0.66 per share. The ex-dividend date was Monday, August 24th. This represents a $2.64 dividend on an annualized basis and a yield of 12.3%.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.