Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Declines By 64.1%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 151,508 shares, a decrease of 64.1% from the June 30th total of 421,865 shares. Based on an average trading volume of 275,291 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in THQ. PFG Investments LLC increased its stake in shares of Abrdn Healthcare Opportunities Fund by 4.5% during the 1st quarter. PFG Investments LLC now owns 15,140 shares of the company’s stock valued at $254,000 after acquiring an additional 653 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Abrdn Healthcare Opportunities Fund by 1.5% in the 1st quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock worth $748,000 after buying an additional 657 shares during the period. StoneX Group Inc. grew its position in Abrdn Healthcare Opportunities Fund by 5.3% during the fourth quarter. StoneX Group Inc. now owns 14,170 shares of the company’s stock valued at $273,000 after acquiring an additional 711 shares during the period. CWM LLC raised its holdings in shares of Abrdn Healthcare Opportunities Fund by 1.2% in the 4th quarter. CWM LLC now owns 69,386 shares of the company’s stock worth $1,327,000 after purchasing an additional 790 shares during the period. Finally, HBK Sorce Advisory LLC increased its position in Abrdn Healthcare Opportunities Fund by 4.6% during the 4th quarter. HBK Sorce Advisory LLC now owns 27,089 shares of the company’s stock worth $518,000 after purchasing an additional 1,193 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of THQ stock opened at $18.99 on Wednesday. The firm has a 50-day moving average price of $18.62 and a 200 day moving average price of $18.54. Abrdn Healthcare Opportunities Fund has a twelve month low of $15.14 and a twelve month high of $20.39.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be paid a $0.18 dividend. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Thursday, July 23rd.

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.