Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Down 71.3% in August

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 18,438 shares, a drop of 71.3% from the July 30th total of 64,134 shares. Based on an average daily trading volume, of 141,399 shares, the days-to-cover ratio is presently 0.1 days.

Abrdn Healthcare Opportunities Fund Stock Down 0.1%

Shares of THQ stock traded down $0.03 during trading hours on Thursday, hitting $19.77. The company’s stock had a trading volume of 71,516 shares, compared to its average volume of 174,074. Abrdn Healthcare Opportunities Fund has a 12-month low of $16.28 and a 12-month high of $20.39. The company has a 50 day moving average of $19.02 and a 200 day moving average of $18.52.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of THQ. World Equity Group Inc. grew its holdings in Abrdn Healthcare Opportunities Fund by 8.7% during the second quarter. World Equity Group Inc. now owns 20,336 shares of the company’s stock worth $381,000 after acquiring an additional 1,636 shares during the period. Next Level Private LLC lifted its holdings in Abrdn Healthcare Opportunities Fund by 9.2% in the second quarter. Next Level Private LLC now owns 93,047 shares of the company’s stock valued at $1,743,000 after acquiring an additional 7,864 shares during the period. CoreCap Advisors LLC purchased a new stake in Abrdn Healthcare Opportunities Fund in the 2nd quarter worth approximately $208,000. Bank of America Corp DE grew its stake in shares of Abrdn Healthcare Opportunities Fund by 3.9% during the 1st quarter. Bank of America Corp DE now owns 106,349 shares of the company’s stock worth $1,787,000 after purchasing an additional 3,972 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Abrdn Healthcare Opportunities Fund by 1.6% during the 1st quarter. Royal Bank of Canada now owns 1,143,764 shares of the company’s stock worth $19,215,000 after purchasing an additional 17,907 shares during the period.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.