Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Drops By 28.6%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 175,006 shares, a decline of 28.6% from the February 26th total of 245,275 shares. Based on an average daily trading volume, of 124,222 shares, the short-interest ratio is currently 1.4 days.

Abrdn Healthcare Opportunities Fund Stock Performance

THQ stock traded down $0.50 during trading hours on Friday, reaching $16.69. The stock had a trading volume of 133,545 shares, compared to its average volume of 170,670. The stock has a 50-day simple moving average of $18.72 and a 200 day simple moving average of $18.48. Abrdn Healthcare Opportunities Fund has a fifty-two week low of $15.14 and a fifty-two week high of $20.74.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently made changes to their positions in THQ. World Investment Advisors acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the fourth quarter valued at approximately $460,000. Evolve Private Wealth LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the 4th quarter worth approximately $1,436,000. Cetera Investment Advisers lifted its holdings in Abrdn Healthcare Opportunities Fund by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 73,536 shares of the company’s stock worth $1,407,000 after purchasing an additional 6,573 shares during the last quarter. &PARTNERS boosted its stake in Abrdn Healthcare Opportunities Fund by 6.7% in the 4th quarter. &PARTNERS now owns 22,138 shares of the company’s stock valued at $424,000 after purchasing an additional 1,390 shares during the period. Finally, Royal Bank of Canada boosted its stake in Abrdn Healthcare Opportunities Fund by 1.2% in the 4th quarter. Royal Bank of Canada now owns 1,125,857 shares of the company’s stock valued at $21,537,000 after purchasing an additional 13,043 shares during the period.

About Abrdn Healthcare Opportunities Fund

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.