Abrdn Healthcare Opportunities Fund (NYSE:THQ) Stock Short Interest Drops 68.5%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 20,047 shares, a decrease of 68.5% from the September 30th total of 63,685 shares. Based on an average daily volume of 139,491 shares, the days-to-cover ratio is currently 0.1 days.

Abrdn Healthcare Opportunities Fund Stock Up 0.1%

Shares of NYSE:THQ traded up $0.01 during trading hours on Friday, hitting $18.73. 158,268 shares of the company’s stock traded hands, compared to its average volume of 162,892. Abrdn Healthcare Opportunities Fund has a 1 year low of $16.28 and a 1 year high of $20.39. The business has a fifty day moving average price of $18.76 and a 200-day moving average price of $18.64.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Friday, October 23rd.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. lifted its position in shares of Abrdn Healthcare Opportunities Fund by 15.2% during the third quarter. Oppenheimer & Co. Inc. now owns 28,737 shares of the company’s stock worth $529,000 after purchasing an additional 3,793 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Abrdn Healthcare Opportunities Fund in the 3rd quarter worth about $3,639,000. B. Riley Wealth Advisors Inc. lifted its holdings in Abrdn Healthcare Opportunities Fund by 13.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 34,305 shares of the company’s stock valued at $631,000 after buying an additional 3,943 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Abrdn Healthcare Opportunities Fund by 27.9% during the 3rd quarter. CoreCap Advisors LLC now owns 14,184 shares of the company’s stock valued at $261,000 after buying an additional 3,097 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Abrdn Healthcare Opportunities Fund during the 2nd quarter valued at about $45,000.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end investment company that seeks to provide total return through a combination of current income and long-term capital appreciation. The fund invests primarily in securities issued by companies involved in the healthcare industry.

Its portfolio may include common and preferred stocks, convertible securities, corporate debt and other investments across healthcare subsectors. These may include pharmaceuticals, biotechnology, medical devices and equipment, healthcare providers and services, healthcare technology, and related real estate companies.

The fund is managed by abrdn, a global investment management firm.