Abrdn Healthcare Opportunities Fund (NYSE:THQ) Shares Shorted: Short Interest Down 68.5% in October

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant decrease in short interest during 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 trading volume, of 139,491 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter valued at approximately $45,000. CoreCap Advisors LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the second quarter worth $208,000. Waverly Advisors LLC boosted its stake in Abrdn Healthcare Opportunities Fund by 7.3% during the second quarter. Waverly Advisors LLC now owns 11,730 shares of the company’s stock worth $220,000 after buying an additional 800 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the first quarter worth $228,000. Finally, Fifth Third Bancorp bought a new stake in Abrdn Healthcare Opportunities Fund in the 1st quarter valued at $232,000.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of THQ opened at $18.46 on Wednesday. Abrdn Healthcare Opportunities Fund has a 12-month low of $16.28 and a 12-month high of $20.39. The stock’s 50-day moving average price is $18.83 and its 200 day moving average price is $18.66.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a $0.17 dividend. The ex-dividend date is Friday, October 23rd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.1%.

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.