abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

abrdn Healthcare Investors (NYSE:HQH) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 82,667 shares, a decline of 39.7% from the August 15th total of 137,144 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 219,445 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On abrdn Healthcare Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bollard Group LLC acquired a new stake in shares of abrdn Healthcare Investors in the first quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in abrdn Healthcare Investors during the fourth quarter worth approximately $106,000. Integrated Wealth Concepts LLC acquired a new position in abrdn Healthcare Investors during the second quarter worth approximately $149,000. Ameritas Advisory Services LLC purchased a new position in abrdn Healthcare Investors during the second quarter worth approximately $149,000. Finally, Fifth Third Bancorp purchased a new position in abrdn Healthcare Investors during the first quarter worth approximately $123,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Up 0.3%

NYSE HQH traded up $0.07 during mid-day trading on Wednesday, reaching $21.46. 97,980 shares of the stock were exchanged, compared to its average volume of 187,368. abrdn Healthcare Investors has a 1-year low of $16.43 and a 1-year high of $24.85. The business’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $20.46.

abrdn Healthcare Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, August 24th.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the healthcare and life sciences sectors. The fund seeks long-term capital appreciation by investing in a portfolio of public and private companies involved in areas such as biotechnology, pharmaceuticals, medical devices, healthcare services and other related industries.

The fund invests primarily in equity securities, including common stocks and other securities of healthcare companies at various stages of development.