abrdn Healthcare Investors (NYSE:HQH) Sees Significant Decline in Short Interest

abrdn Healthcare Investors (NYSE:HQH) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 41,483 shares, a drop of 20.4% from the January 15th total of 52,128 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 207,363 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 207,363 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

abrdn Healthcare Investors Trading Up 1.4%

Shares of NYSE:HQH traded up $0.27 during trading on Friday, reaching $19.86. The stock had a trading volume of 230,240 shares, compared to its average volume of 179,093. The firm’s fifty day moving average is $19.14 and its 200 day moving average is $18.23. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $19.89.

abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 12.7%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HQH. Eastern Bank purchased a new stake in abrdn Healthcare Investors during the third quarter valued at about $30,000. Newbridge Financial Services Group Inc. purchased a new stake in abrdn Healthcare Investors during the 2nd quarter valued at $34,000. Guerra Advisors Inc purchased a new position in shares of abrdn Healthcare Investors during the 3rd quarter worth $39,000. Geneos Wealth Management Inc. boosted its position in shares of abrdn Healthcare Investors by 9,232.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 2,862 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in abrdn Healthcare Investors during the 4th quarter valued at approximately $48,000. Hedge funds and other 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.