Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 18,438 shares, a decline of 71.3% from the July 30th total of 64,134 shares. Based on an average trading volume of 141,399 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Abrdn Healthcare Opportunities Fund during the second quarter valued at $406,000. Ameriprise Financial Inc. boosted its position in Abrdn Healthcare Opportunities Fund by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock worth $4,041,000 after purchasing an additional 12,244 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Abrdn Healthcare Opportunities Fund by 25.8% in the second quarter. Benjamin Edwards Inc. now owns 31,729 shares of the company’s stock worth $583,000 after purchasing an additional 6,510 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 2nd quarter valued at about $475,000. Finally, First Trust Advisors LP grew its stake in shares of Abrdn Healthcare Opportunities Fund by 16.2% during the 3rd quarter. First Trust Advisors LP now owns 143,523 shares of the company’s stock valued at $2,482,000 after purchasing an additional 19,971 shares during the period.

Abrdn Healthcare Opportunities Fund Stock Down 0.5%

Abrdn Healthcare Opportunities Fund stock traded down $0.10 during midday trading on Friday, reaching $19.61. 150,599 shares of the company traded hands, compared to its average volume of 174,056. The business has a 50 day moving average of $19.06 and a two-hundred day moving average of $18.53. Abrdn Healthcare Opportunities Fund has a 12 month low of $16.28 and a 12 month high of $20.39.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.