Abrdn World Healthcare Fund (NYSE:THW) Shares Shorted: Short Interest Down 60.0% in October

Abrdn World Healthcare Fund (NYSE:THW) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 26,900 shares, a decline of 60.0% from the September 30th total of 67,230 shares. Based on an average daily volume of 125,213 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Abrdn World Healthcare Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC increased its stake in shares of Abrdn World Healthcare Fund by 5.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,785 shares of the company’s stock valued at $206,000 after acquiring an additional 859 shares during the last quarter. Triumph Capital Management raised its position in shares of Abrdn World Healthcare Fund by 7.6% in the 3rd quarter. Triumph Capital Management now owns 33,944 shares of the company’s stock valued at $443,000 after acquiring an additional 2,386 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Abrdn World Healthcare Fund by 52.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 15,526 shares of the company’s stock worth $202,000 after acquiring an additional 5,360 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Abrdn World Healthcare Fund by 6.6% during the 3rd quarter. CoreCap Advisors LLC now owns 262,034 shares of the company’s stock worth $3,417,000 after acquiring an additional 16,314 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new position in Abrdn World Healthcare Fund during the 2nd quarter worth approximately $27,000.

Abrdn World Healthcare Fund Trading Down 0.0%

NYSE THW opened at $12.48 on Thursday. Abrdn World Healthcare Fund has a 12 month low of $11.18 and a 12 month high of $14.50. The stock has a 50-day simple moving average of $13.17 and a 200 day simple moving average of $12.84.

Abrdn World Healthcare Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Friday, October 23rd. This is a decrease from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

About Abrdn World Healthcare Fund

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare sector. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation by investing in healthcare-related companies and securities.

The fund’s portfolio may include pharmaceutical, biotechnology, medical device, healthcare services, diagnostics, life sciences and other healthcare businesses. Its investments can span companies at different stages of development and may include issuers located in the United States and international markets, giving the fund exposure to healthcare trends across multiple geographies.

The fund was formerly known as Tekla World Healthcare Fund and adopted the abrdn World Healthcare Fund name following the transition of its investment management platform to abrdn.