Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Declines By 71.5%

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 50,789 shares, a drop of 71.5% from the July 15th total of 177,929 shares. Based on an average trading volume of 194,716 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Readystate Asset Management LP purchased a new position in Abrdn World Healthcare Fund during the fourth quarter valued at approximately $1,939,000. Janney Montgomery Scott LLC lifted its stake in Abrdn World Healthcare Fund by 59.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 234,266 shares of the company’s stock worth $2,994,000 after purchasing an additional 87,019 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Abrdn World Healthcare Fund by 404.6% in the 3rd quarter. NewEdge Advisors LLC now owns 73,560 shares of the company’s stock worth $927,000 after purchasing an additional 58,983 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Abrdn World Healthcare Fund by 28.9% in the 3rd quarter. Raymond James Financial Inc. now owns 193,392 shares of the company’s stock valued at $2,437,000 after purchasing an additional 43,376 shares during the period. Finally, Kovack Advisors Inc. bought a new position in Abrdn World Healthcare Fund in the 4th quarter valued at $251,000.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE:THW traded up $0.10 during midday trading on Friday, reaching $13.98. 124,617 shares of the company traded hands, compared to its average volume of 137,446. The firm’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $12.71. Abrdn World Healthcare Fund has a 12 month low of $11.08 and a 12 month high of $14.10.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.1167 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 10.0%.

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.