Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Large Increase in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 96,700 shares, a growth of 77.4% from the December 15th total of 54,500 shares. Based on an average daily volume of 149,100 shares, the short-interest ratio is presently 0.6 days.

Abrdn Healthcare Opportunities Fund Price Performance

NYSE:THQ traded up $0.06 during mid-day trading on Friday, hitting $19.98. 166,069 shares of the company’s stock traded hands, compared to its average volume of 205,163. The firm has a 50 day moving average of $19.69 and a two-hundred day moving average of $20.85. Abrdn Healthcare Opportunities Fund has a 12 month low of $17.92 and a 12 month high of $22.60.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 10.81%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at approximately $28,000. Future Financial Wealth Managment LLC bought a new position in Abrdn Healthcare Opportunities Fund in the third quarter valued at approximately $44,000. Ashton Thomas Securities LLC bought a new position in Abrdn Healthcare Opportunities Fund in the third quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new position in Abrdn Healthcare Opportunities Fund in the second quarter valued at approximately $86,000. Finally, Moors & Cabot Inc. bought a new position in Abrdn Healthcare Opportunities Fund in the third quarter valued at approximately $202,000.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.