Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Large Drop in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQGet Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 151,508 shares, a decline of 64.1% from the June 30th total of 421,865 shares. Based on an average daily volume of 275,291 shares, the short-interest ratio is presently 0.6 days.

Abrdn Healthcare Opportunities Fund Stock Up 0.2%

Shares of THQ stock opened at $18.58 on Monday. The stock has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $18.56. Abrdn Healthcare Opportunities Fund has a 1-year low of $15.14 and a 1-year high of $20.39.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be paid a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Thursday, July 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heron Bay Capital Management boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 20.6% in the fourth quarter. Heron Bay Capital Management now owns 592,723 shares of the company’s stock valued at $11,339,000 after acquiring an additional 101,439 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Abrdn Healthcare Opportunities Fund during the third quarter worth about $1,479,000. Evolve Private Wealth LLC purchased a new position in Abrdn Healthcare Opportunities Fund during the fourth quarter worth about $1,436,000. Susquehanna International Group LLP acquired a new stake in Abrdn Healthcare Opportunities Fund in the third quarter valued at about $1,157,000. Finally, Millennium Management LLC acquired a new stake in Abrdn Healthcare Opportunities Fund in the third quarter valued at about $964,000.

Abrdn Healthcare Opportunities Fund Company Profile

(Get Free Report)

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.

Further Reading

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