Short Interest in abrdn Healthcare Investors (NYSE:HQH) Decreases By 20.4%

abrdn Healthcare Investors (NYSE:HQH) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 41,483 shares, a decline of 20.4% from the January 15th total of 52,128 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 207,363 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 207,363 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On abrdn Healthcare Investors

Several institutional investors have recently bought and sold shares of HQH. Eastern Bank purchased a new stake in abrdn Healthcare Investors during the third quarter worth $30,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of abrdn Healthcare Investors during the 2nd quarter worth $34,000. Guerra Advisors Inc purchased a new stake in shares of abrdn Healthcare Investors during the 3rd quarter worth $39,000. Geneos Wealth Management Inc. boosted its position in abrdn Healthcare Investors by 9,232.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 2,862 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in abrdn Healthcare Investors in the fourth quarter valued at about $48,000. 32.60% of the stock is owned by hedge funds and other institutional investors.

abrdn Healthcare Investors Stock Performance

Shares of HQH stock traded up $0.27 on Monday, hitting $19.86. The stock had a trading volume of 230,240 shares, compared to its average volume of 163,585. abrdn Healthcare Investors has a one year low of $13.77 and a one year high of $19.89. The business has a 50 day moving average price of $19.15 and a 200 day moving average price of $18.27.

abrdn Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, February 20th. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57.

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.