Abrdn World Healthcare Fund (NYSE:THW) Stock Short Interest Jumps 67.5%

Abrdn World Healthcare Fund (NYSE:THW) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 67,230 shares, an increase of 67.5% from the September 15th total of 40,137 shares. Based on an average trading volume of 107,584 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allied Private Wealth LLC purchased a new stake in shares of Abrdn World Healthcare Fund during the 2nd quarter valued at $27,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Abrdn World Healthcare Fund by 52.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 15,526 shares of the company’s stock worth $202,000 after purchasing an additional 5,360 shares during the period. PMG Family Office LLC boosted its holdings in shares of Abrdn World Healthcare Fund by 15.5% in the 1st quarter. PMG Family Office LLC now owns 27,444 shares of the company’s stock worth $320,000 after buying an additional 3,690 shares during the last quarter. Triumph Capital Management boosted its holdings in shares of Abrdn World Healthcare Fund by 3.7% in the 2nd quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock worth $423,000 after buying an additional 1,128 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Abrdn World Healthcare Fund by 4.8% in the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock worth $407,000 after buying an additional 1,595 shares during the last quarter.

Abrdn World Healthcare Fund Stock Up 2.2%

Shares of THW opened at $12.20 on Friday. The stock has a 50 day moving average of $13.44 and a 200 day moving average of $13.02. Abrdn World Healthcare Fund has a 12 month low of $11.18 and a 12 month high of $14.50.

Abrdn World Healthcare Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a $0.11 dividend. This is a decrease from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, October 23rd.

Abrdn World Healthcare Fund Company Profile

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare sector. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation by investing in healthcare-related companies and securities.

The fund’s portfolio may include pharmaceutical, biotechnology, medical device, healthcare services, diagnostics, life sciences and other healthcare businesses. Its investments can span companies at different stages of development and may include issuers located in the United States and international markets, giving the fund exposure to healthcare trends across multiple geographies.

The fund was formerly known as Tekla World Healthcare Fund and adopted the abrdn World Healthcare Fund name following the transition of its investment management platform to abrdn.