abrdn Life Sciences Investors (NYSE:HQL – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 58,626 shares, a growth of 217.9% from the July 30th total of 18,442 shares. Based on an average trading volume of 149,213 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.
abrdn Life Sciences Investors Stock Down 2.6%
Shares of HQL traded down $0.57 during mid-day trading on Friday, hitting $20.98. 164,111 shares of the company traded hands, compared to its average volume of 129,602. The stock has a 50-day moving average price of $20.21 and a two-hundred day moving average price of $18.20. abrdn Life Sciences Investors has a 1 year low of $13.82 and a 1 year high of $22.67.
abrdn Life Sciences Investors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 24th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Monday, August 24th.
Institutional Investors Weigh In On abrdn Life Sciences Investors
About abrdn Life Sciences Investors
abrdn Life Sciences Investors (NYSE: HQL) is a closed-end management investment company that seeks capital appreciation through investment in the life sciences sector. Established in 1994, the trust focuses on equity and equity-related securities of companies engaged in biotechnology, pharmaceuticals, medical devices, diagnostics and related fields. Its closed-end structure allows portfolio managers to maintain a stable pool of capital, pursue long-term investment strategies and employ leverage when deemed appropriate.
The fund’s portfolio spans both public and private companies, with an emphasis on businesses driving innovation in drug development, gene therapy, precision medicine and healthcare technology.
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