Abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 26.0% in March

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 44,200 shares, a drop of 26.0% from the March 15th total of 59,700 shares. Based on an average daily trading volume, of 209,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Abrdn Healthcare Investors Stock Down 0.1 %

Shares of NYSE HQH opened at $15.09 on Friday. Abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.79. The company has a 50-day moving average of $16.44 and a 200 day moving average of $17.19.

Abrdn Healthcare Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 21st were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 15.11%.

Hedge Funds Weigh In On Abrdn Healthcare Investors

A number of institutional investors have recently added to or reduced their stakes in HQH. Raymond James Financial Inc. purchased a new stake in Abrdn Healthcare Investors in the 4th quarter valued at $15,049,000. Ameriprise Financial Inc. grew its holdings in shares of Abrdn Healthcare Investors by 10.4% in the fourth quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider’s stock valued at $4,616,000 after purchasing an additional 27,043 shares during the period. LPL Financial LLC increased its position in Abrdn Healthcare Investors by 65.3% during the fourth quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock worth $4,526,000 after purchasing an additional 111,383 shares during the last quarter. Bank of America Corp DE raised its stake in Abrdn Healthcare Investors by 13.3% during the fourth quarter. Bank of America Corp DE now owns 220,516 shares of the financial services provider’s stock worth $3,539,000 after purchasing an additional 25,805 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Abrdn Healthcare Investors by 16.9% in the 4th quarter. Advisors Asset Management Inc. now owns 207,797 shares of the financial services provider’s stock valued at $3,335,000 after purchasing an additional 29,977 shares during the last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.