Abrdn Healthcare Opportunities Fund (NYSE:THQ – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 64,134 shares, a drop of 57.7% from the July 15th total of 151,508 shares. Based on an average daily volume of 234,157 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Abrdn Healthcare Opportunities Fund
Several institutional investors have recently added to or reduced their stakes in THQ. Royal Bank of Canada raised its holdings in Abrdn Healthcare Opportunities Fund by 1.6% in the first quarter. Royal Bank of Canada now owns 1,143,764 shares of the company’s stock valued at $19,215,000 after acquiring an additional 17,907 shares in the last quarter. Heron Bay Capital Management increased its position in shares of Abrdn Healthcare Opportunities Fund by 20.6% in the 4th quarter. Heron Bay Capital Management now owns 592,723 shares of the company’s stock worth $11,339,000 after purchasing an additional 101,439 shares during the last quarter. LPL Financial LLC increased its position in shares of Abrdn Healthcare Opportunities Fund by 7.0% in the 4th quarter. LPL Financial LLC now owns 332,325 shares of the company’s stock worth $6,357,000 after purchasing an additional 21,613 shares during the last quarter. UBS Group AG increased its position in shares of Abrdn Healthcare Opportunities Fund by 4.1% in the 4th quarter. UBS Group AG now owns 295,613 shares of the company’s stock worth $5,655,000 after purchasing an additional 11,553 shares during the last quarter. Finally, Ameriprise Financial Inc. raised 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 in the last quarter.
Abrdn Healthcare Opportunities Fund Price Performance
THQ stock traded down $0.07 during midday trading on Friday, hitting $19.45. 147,629 shares of the company’s stock were exchanged, compared to its average volume of 176,483. The firm has a 50 day moving average price of $18.82 and a 200-day moving average price of $18.49. Abrdn Healthcare Opportunities Fund has a 12-month low of $16.28 and a 12-month high of $20.39.
Abrdn Healthcare Opportunities Fund Dividend Announcement
About Abrdn Healthcare Opportunities Fund
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.
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