abrdn Healthcare Investors (NYSE:HQH) Sees Large Decrease in Short Interest

abrdn Healthcare Investors (NYSE:HQH) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 28,923 shares, a decline of 55.1% from the September 30th total of 64,415 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 240,387 shares, the days-to-cover ratio is currently 0.1 days.

abrdn Healthcare Investors Stock Down 0.1%

HQH traded down $0.03 during midday trading on Friday, reaching $21.39. 181,701 shares of the company’s stock were exchanged, compared to its average volume of 192,161. abrdn Healthcare Investors has a one year low of $17.14 and a one year high of $24.85. The business has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $20.30.

abrdn Healthcare Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th were issued a $0.66 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 12.3%.

Hedge Funds Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. raised its stake in abrdn Healthcare Investors by 592.4% during the second quarter. Wedbush Securities Inc. now owns 233,882 shares of the financial services provider’s stock worth $4,530,000 after acquiring an additional 200,104 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of abrdn Healthcare Investors by 32.7% during the first quarter. NewEdge Advisors LLC now owns 151,738 shares of the financial services provider’s stock valued at $2,699,000 after acquiring an additional 37,393 shares during the period. Bank of America Corp DE lifted its holdings in shares of abrdn Healthcare Investors by 19.7% during the first quarter. Bank of America Corp DE now owns 225,672 shares of the financial services provider’s stock valued at $4,015,000 after acquiring an additional 37,177 shares during the period. Samalin Investment Counsel LLC boosted its stake in shares of abrdn Healthcare Investors by 17.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 182,351 shares of the financial services provider’s stock valued at $3,809,000 after purchasing an additional 27,735 shares in the last quarter. Finally, Turner Financial Group Inc. acquired a new stake in shares of abrdn Healthcare Investors in the 2nd quarter valued at $388,000. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the global healthcare and life sciences industries. Rather than operating healthcare businesses directly, the fund invests in the securities of companies involved in areas such as pharmaceuticals, biotechnology, medical devices, healthcare services and related technologies.

The fund seeks long-term capital appreciation, with current income as a secondary objective. Its portfolio may include common and preferred stocks, convertible securities and other investments issued by healthcare companies at various stages of development.