abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

abrdn Healthcare Investors (NYSE:HQHGet Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 49,111 shares, a drop of 20.4% from the March 31st total of 61,693 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 158,021 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On abrdn Healthcare Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of abrdn Healthcare Investors by 11.5% during the fourth quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after purchasing an additional 481,548 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of abrdn Healthcare Investors by 9.2% during the second quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after purchasing an additional 110,011 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of abrdn Healthcare Investors by 15.4% during the third quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock worth $22,130,000 after purchasing an additional 159,618 shares in the last quarter. Royal Bank of Canada boosted its position in shares of abrdn Healthcare Investors by 22.0% during the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after purchasing an additional 95,441 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of abrdn Healthcare Investors by 23.6% during the fourth quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after purchasing an additional 95,667 shares in the last quarter. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Trading Down 0.7%

Shares of NYSE HQH traded down $0.13 during midday trading on Friday, reaching $19.72. 78,024 shares of the stock were exchanged, compared to its average volume of 130,161. The business has a 50-day simple moving average of $18.77 and a two-hundred day simple moving average of $18.98. abrdn Healthcare Investors has a 12 month low of $15.09 and a 12 month high of $20.46.

abrdn Healthcare Investors Increases Dividend

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

About abrdn Healthcare Investors

(Get Free Report)

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.

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