Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 55.7% in January

Abrdn World Healthcare Fund (NYSE:THW) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 61,071 shares, a decline of 55.7% from the January 15th total of 137,777 shares. Based on an average daily volume of 233,897 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 233,897 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Abrdn World Healthcare Fund

Hedge funds have recently modified their holdings of the stock. Wealth Effects LLC raised its position in Abrdn World Healthcare Fund by 4.9% in the 3rd quarter. Wealth Effects LLC now owns 30,100 shares of the company’s stock worth $379,000 after purchasing an additional 1,400 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Abrdn World Healthcare Fund by 5.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 89,632 shares of the company’s stock valued at $1,129,000 after buying an additional 4,663 shares during the period. International Assets Investment Management LLC increased its stake in shares of Abrdn World Healthcare Fund by 2.9% in the 3rd quarter. International Assets Investment Management LLC now owns 124,233 shares of the company’s stock valued at $1,565,000 after buying an additional 3,500 shares during the period. Penserra Capital Management LLC raised its position in shares of Abrdn World Healthcare Fund by 3.7% during the third quarter. Penserra Capital Management LLC now owns 1,106,178 shares of the company’s stock worth $13,937,000 after acquiring an additional 38,973 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Abrdn World Healthcare Fund by 14.1% during the third quarter. J.W. Cole Advisors Inc. now owns 134,117 shares of the company’s stock valued at $1,690,000 after acquiring an additional 16,612 shares during the period.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE:THW traded down $0.04 during midday trading on Thursday, reaching $12.60. The company’s stock had a trading volume of 155,512 shares, compared to its average volume of 197,407. The business’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $12.34. Abrdn World Healthcare Fund has a fifty-two week low of $9.80 and a fifty-two week high of $13.19.

Abrdn World Healthcare Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.1167 dividend. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Friday, February 20th.

Abrdn World Healthcare Fund Company Profile

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.