Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Increases By 90.6%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 35,135 shares, a growth of 90.6% from the August 15th total of 18,438 shares. Based on an average daily volume of 141,145 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several institutional investors have recently made changes to their positions in THQ. PFG Investments LLC increased its stake in Abrdn Healthcare Opportunities Fund by 4.5% in the first 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 period. D.A. Davidson & CO. lifted its stake in Abrdn Healthcare Opportunities Fund by 1.5% during the first quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock worth $748,000 after purchasing an additional 657 shares during the period. Waverly Advisors LLC lifted its stake in Abrdn Healthcare Opportunities Fund by 7.3% during the second quarter. Waverly Advisors LLC now owns 11,730 shares of the company’s stock worth $220,000 after purchasing an additional 800 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Abrdn Healthcare Opportunities Fund by 4.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,089 shares of the company’s stock valued at $518,000 after purchasing an additional 1,193 shares in the last quarter. Finally, World Equity Group Inc. boosted its holdings in Abrdn Healthcare Opportunities Fund by 8.7% during the second quarter. World Equity Group Inc. now owns 20,336 shares of the company’s stock valued at $381,000 after purchasing an additional 1,636 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Stock Down 1.1%

THQ traded down $0.22 during trading on Tuesday, reaching $18.93. 153,931 shares of the company’s stock were exchanged, compared to its average volume of 170,358. Abrdn Healthcare Opportunities Fund has a fifty-two week low of $16.28 and a fifty-two week high of $20.39. The business has a 50 day moving average price of $19.23 and a 200 day moving average price of $18.56.

Abrdn Healthcare Opportunities Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, September 22nd.

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.