abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

abrdn Healthcare Investors (NYSE:HQH) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 50,688 shares, an increase of 44.6% from the December 15th total of 35,063 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 150,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 150,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

abrdn Healthcare Investors Stock Performance

abrdn Healthcare Investors stock traded down $0.16 during mid-day trading on Friday, hitting $18.85. 540,398 shares of the company’s stock were exchanged, compared to its average volume of 160,406. The company’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $17.73. abrdn Healthcare Investors has a fifty-two week low of $13.77 and a fifty-two week high of $19.69.

abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Friday, November 21st were issued a dividend of $0.57 per share. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, November 21st. This represents a $2.28 annualized dividend and a dividend yield of 12.1%.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several large investors have recently made changes to their positions in HQH. Royal Bank of Canada raised its holdings in shares of abrdn Healthcare Investors by 22.0% during the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the period. Integrated Wealth Concepts LLC bought a new position in abrdn Healthcare Investors during the 1st quarter worth about $166,000. NewEdge Advisors LLC raised its stake in shares of abrdn Healthcare Investors by 3.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,274 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 788 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of abrdn Healthcare Investors by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 156,361 shares of the financial services provider’s stock worth $2,422,000 after buying an additional 768 shares during the period. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.