Abrdn World Healthcare Fund (NYSE:THW) Sees Significant Decrease in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 61,071 shares, a decline of 55.7% from the January 15th total of 137,777 shares. Based on an average trading volume of 233,897 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 233,897 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Abrdn World Healthcare Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Abrdn World Healthcare Fund by 0.3% in the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after purchasing an additional 1,390 shares during the period. International Assets Investment Management LLC increased its holdings in Abrdn World Healthcare Fund by 20.3% in the 2nd quarter. International Assets Investment Management LLC now owns 120,733 shares of the company’s stock worth $1,239,000 after buying an additional 20,407 shares during the period. Envestnet Asset Management Inc. increased its holdings in Abrdn World Healthcare Fund by 19.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,765 shares of the company’s stock worth $326,000 after buying an additional 5,151 shares during the period. Wedbush Securities Inc. raised its position in Abrdn World Healthcare Fund by 42.1% during the 2nd quarter. Wedbush Securities Inc. now owns 20,684 shares of the company’s stock worth $212,000 after buying an additional 6,125 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Abrdn World Healthcare Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,067,205 shares of the company’s stock valued at $10,949,000 after acquiring an additional 31,523 shares during the period.

Abrdn World Healthcare Fund Stock Performance

Shares of Abrdn World Healthcare Fund stock traded up $0.04 during midday trading on Friday, hitting $12.64. The company had a trading volume of 155,176 shares, compared to its average volume of 195,999. The company has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $12.36. Abrdn World Healthcare Fund has a 12-month low of $9.80 and a 12-month high of $13.19.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.1167 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

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.