abrdn Healthcare Investors (NYSE:HQH – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 82,667 shares, a decrease of 39.7% from the August 15th total of 137,144 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 219,445 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in HQH. Integrated Wealth Concepts LLC bought a new position in abrdn Healthcare Investors in the second quarter valued at approximately $149,000. NewEdge Advisors LLC increased its holdings in shares of abrdn Healthcare Investors by 8.4% in the second quarter. NewEdge Advisors LLC now owns 164,510 shares of the financial services provider’s stock worth $3,616,000 after acquiring an additional 12,772 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in abrdn Healthcare Investors during the 2nd quarter worth approximately $149,000. Turner Financial Group Inc. bought a new stake in abrdn Healthcare Investors in the 2nd quarter valued at $388,000. Finally, Triumph Capital Management lifted its holdings in shares of abrdn Healthcare Investors by 1.3% in the second quarter. Triumph Capital Management now owns 45,512 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 567 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.
abrdn Healthcare Investors Stock Up 1.6%
NYSE HQH traded up $0.34 during trading hours on Thursday, reaching $21.66. 128,448 shares of the company’s stock were exchanged, compared to its average volume of 187,504. The firm has a fifty day moving average of $22.38 and a 200-day moving average of $20.50. abrdn Healthcare Investors has a one year low of $16.58 and a one year high of $24.85.
abrdn Healthcare Investors Announces Dividend
About abrdn Healthcare Investors
abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the healthcare and life sciences sectors. The fund seeks long-term capital appreciation by investing in a portfolio of public and private companies involved in areas such as biotechnology, pharmaceuticals, medical devices, healthcare services and other related industries.
The fund invests primarily in equity securities, including common stocks and other securities of healthcare companies at various stages of development.
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