Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Down 50.4% in March

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 86,757 shares, a drop of 50.4% from the March 15th total of 175,006 shares. Based on an average trading volume of 171,557 shares, the short-interest ratio is currently 0.5 days.

Abrdn Healthcare Opportunities Fund Price Performance

Abrdn Healthcare Opportunities Fund stock traded up $0.17 during mid-day trading on Monday, reaching $17.97. 127,333 shares of the company were exchanged, compared to its average volume of 165,460. The company has a fifty day simple moving average of $18.22 and a 200-day simple moving average of $18.49. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.14 and a 12 month high of $20.39.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Wednesday, April 22nd.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of THQ. Jane Street Group LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $406,000. Ameriprise Financial Inc. increased its stake in shares of Abrdn Healthcare Opportunities Fund by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock valued at $4,041,000 after purchasing an additional 12,244 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Abrdn Healthcare Opportunities Fund by 25.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 31,729 shares of the company’s stock valued at $583,000 after purchasing an additional 6,510 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $279,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $475,000.

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.