Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 26,900 shares, a decrease of 60.0% from the September 30th total of 67,230 shares. Based on an average daily volume of 125,213 shares, the days-to-cover ratio is currently 0.2 days.
Abrdn World Healthcare Fund Trading Up 0.2%
Shares of THW stock traded up $0.02 during trading on Friday, reaching $12.88. The company’s stock had a trading volume of 118,869 shares, compared to its average volume of 130,071. The stock’s 50-day moving average price is $13.11 and its 200 day moving average price is $12.84. Abrdn World Healthcare Fund has a 1-year low of $11.18 and a 1-year high of $14.50.
Abrdn World Healthcare Fund Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 23rd were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $1.32 annualized dividend and a yield of 10.2%. This is a drop from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.
Hedge Funds Weigh In On Abrdn World Healthcare Fund
Several institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new position in shares of Abrdn World Healthcare Fund during the second quarter worth about $27,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Abrdn World Healthcare Fund by 52.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 15,526 shares of the company’s stock worth $202,000 after buying an additional 5,360 shares during the period. SeaCrest Wealth Management LLC raised its holdings in Abrdn World Healthcare Fund by 5.8% in the third quarter. SeaCrest Wealth Management LLC now owns 15,785 shares of the company’s stock valued at $206,000 after acquiring an additional 859 shares in the last quarter. Bank of America Corp DE raised its holdings in Abrdn World Healthcare Fund by 4.8% in the first quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Triumph Capital Management raised its holdings in Abrdn World Healthcare Fund by 3.7% in the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after acquiring an additional 1,128 shares in the last quarter.
About Abrdn World Healthcare Fund
abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare industry. The fund seeks to provide current income and long-term capital appreciation by investing primarily in equity and debt securities issued by companies involved in healthcare.
Its portfolio may include pharmaceutical and biotechnology companies, medical device and equipment manufacturers, healthcare services providers, diagnostics businesses, and other firms supporting the healthcare sector.
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