abrdn Life Sciences Investors (NYSE:HQL – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 100,177 shares, an increase of 70.9% from the August 15th total of 58,626 shares. Based on an average daily volume of 160,266 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.
abrdn Life Sciences Investors Stock Down 0.7%
Shares of HQL traded down $0.13 during mid-day trading on Wednesday, reaching $19.26. 158,948 shares of the stock traded hands, compared to its average volume of 130,110. abrdn Life Sciences Investors has a 1 year low of $13.90 and a 1 year high of $22.67. The firm has a fifty day moving average price of $20.45 and a 200 day moving average price of $18.51.
abrdn Life Sciences Investors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 12.9%. The ex-dividend date is Monday, August 24th.
Institutional Trading of abrdn Life Sciences Investors
abrdn Life Sciences Investors Company Profile
abrdn Life Sciences Investors (NYSE:HQL) is a non-diversified, closed-end investment company focused on the global life sciences sector. The fund seeks long-term capital appreciation by investing in companies involved in biotechnology, pharmaceuticals, medical devices, healthcare services and other related industries.
The fund may invest in both publicly traded and privately held companies across various stages of development, including businesses developing innovative therapies, diagnostic technologies and other healthcare products.
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