Short Interest in Abrdn Healthcare Investors (NYSE:HQH) Declines By 37.3%

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 67,000 shares, a decline of 37.3% from the September 30th total of 106,900 shares. Based on an average trading volume of 140,300 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Institutional investors have recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Abrdn Healthcare Investors during the 3rd quarter worth about $57,000. EverSource Wealth Advisors LLC bought a new position in Abrdn Healthcare Investors in the second quarter worth approximately $93,000. Rothschild Investment LLC purchased a new stake in Abrdn Healthcare Investors during the second quarter worth $101,000. Teamwork Financial Advisors LLC bought a new stake in Abrdn Healthcare Investors during the 3rd quarter valued at $201,000. Finally, Truist Financial Corp increased its holdings in shares of Abrdn Healthcare Investors by 11.9% in the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 1,355 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Trading Up 0.1 %

Shares of NYSE HQH opened at $18.33 on Friday. The stock has a 50 day moving average price of $18.72 and a 200 day moving average price of $17.84. Abrdn Healthcare Investors has a 52-week low of $14.31 and a 52-week high of $19.79.

Abrdn Healthcare Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 12.88%. The ex-dividend date of this dividend was Friday, August 23rd.

Abrdn Healthcare Investors Company Profile

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.