abrdn Healthcare Investors (NYSE:HQH) Sees Large Decrease in Short Interest

abrdn Healthcare Investors (NYSE:HQH) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 49,111 shares, a decrease of 20.4% from the March 31st total of 61,693 shares. Based on an average daily trading volume, of 158,021 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On abrdn Healthcare Investors

Hedge funds have recently bought and sold shares of the business. Eastern Bank bought a new position in abrdn Healthcare Investors during the third quarter valued at $30,000. Guerra Advisors Inc purchased a new stake in shares of abrdn Healthcare Investors during the 3rd quarter valued at about $39,000. Geneos Wealth Management Inc. raised its position in shares of abrdn Healthcare Investors by 9,232.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider’s stock valued at $45,000 after buying an additional 2,862 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of abrdn Healthcare Investors in the 4th quarter valued at about $48,000. Finally, Advisory Services Network LLC bought a new position in shares of abrdn Healthcare Investors in the 3rd quarter valued at about $97,000. Hedge funds and other institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Performance

NYSE HQH traded down $0.13 during trading on Friday, hitting $19.72. 78,024 shares of the stock traded hands, compared to its average volume of 130,161. abrdn Healthcare Investors has a 12-month low of $15.09 and a 12-month high of $20.46. The firm has a 50-day simple moving average of $18.77 and a 200-day simple moving average of $18.98.

abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 20th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.8%. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 20th.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.