Abrdn World Healthcare Fund (NYSE:THW) Sees Large Decline in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 9,180 shares, a decrease of 63.3% from the August 15th total of 24,996 shares. Based on an average daily trading volume, of 131,330 shares, the short-interest ratio is currently 0.1 days.

Abrdn World Healthcare Fund Stock Performance

Shares of Abrdn World Healthcare Fund stock traded down $0.12 on Friday, hitting $13.38. The stock had a trading volume of 67,388 shares, compared to its average volume of 134,384. Abrdn World Healthcare Fund has a twelve month low of $11.18 and a twelve month high of $14.50. The stock has a 50 day moving average of $13.68 and a 200 day moving average of $12.91.

Abrdn World Healthcare Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.1167 dividend. The ex-dividend date was Monday, August 24th. This represents a c) annualized dividend and a yield of 10.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in Abrdn World Healthcare Fund during the second quarter valued at approximately $27,000. Advisory Services Network LLC purchased a new position in shares of Abrdn World Healthcare Fund during the third quarter valued at approximately $43,000. B. Riley Wealth Advisors Inc. bought a new position in Abrdn World Healthcare Fund in the 2nd quarter worth about $113,000. Mercer Global Advisors Inc. ADV purchased a new position in Abrdn World Healthcare Fund during the 4th quarter valued at about $157,000. Finally, HighTower Advisors LLC purchased a new stake in Abrdn World Healthcare Fund during the fourth quarter valued at approximately $168,000.

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.