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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 45,000 shares, a decrease of 53.5% from the December 31st total of 96,700 shares. Based on an average trading volume of 176,200 shares, the short-interest ratio is currently 0.3 days.

Abrdn Healthcare Opportunities Fund Price Performance

Shares of THQ stock traded up $0.47 during trading hours on Thursday, hitting $21.16. 50,209 shares of the company’s stock traded hands, compared to its average volume of 210,068. The stock’s fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $20.85. Abrdn Healthcare Opportunities Fund has a 12-month low of $18.16 and a 12-month high of $22.60.

Abrdn Healthcare Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $2.16 annualized dividend and a yield of 10.21%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in Abrdn Healthcare Opportunities Fund by 2,108.0% during the 3rd quarter. International Assets Investment Management LLC now owns 299,493 shares of the company’s stock valued at $6,613,000 after buying an additional 285,929 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in Abrdn Healthcare Opportunities Fund in the 3rd quarter worth approximately $5,001,000. Sanctuary Advisors LLC purchased a new stake in shares of Abrdn Healthcare Opportunities Fund in the second quarter worth $2,654,000. Greenleaf Trust bought a new stake in Abrdn Healthcare Opportunities Fund during the third quarter valued at about $1,518,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Abrdn Healthcare Opportunities Fund in the 4th quarter worth approximately $885,000.

About Abrdn Healthcare Opportunities Fund

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.