Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Grows By 85.6%

Abrdn World Healthcare Fund (NYSE:THW) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 177,929 shares, a growth of 85.6% from the June 30th total of 95,888 shares. Based on an average daily trading volume, of 162,959 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP purchased a new stake in Abrdn World Healthcare Fund in the fourth quarter worth $1,939,000. Janney Montgomery Scott LLC raised its holdings in Abrdn World Healthcare Fund by 59.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 234,266 shares of the company’s stock worth $2,994,000 after purchasing an additional 87,019 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Abrdn World Healthcare Fund by 404.6% in the 3rd quarter. NewEdge Advisors LLC now owns 73,560 shares of the company’s stock worth $927,000 after purchasing an additional 58,983 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Abrdn World Healthcare Fund by 28.9% in the 3rd quarter. Raymond James Financial Inc. now owns 193,392 shares of the company’s stock worth $2,437,000 after purchasing an additional 43,376 shares during the period. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of Abrdn World Healthcare Fund in the 4th quarter worth about $256,000.

Abrdn World Healthcare Fund Stock Down 0.1%

Shares of NYSE THW traded down $0.01 during trading hours on Friday, hitting $13.27. The company’s stock had a trading volume of 120,262 shares, compared to its average volume of 139,123. Abrdn World Healthcare Fund has a 12 month low of $10.60 and a 12 month high of $13.79. The business has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $12.64.

Abrdn World Healthcare Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be issued a $0.1167 dividend. The ex-dividend date is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 10.6%.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.