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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 120,600 shares, a decline of 20.4% from the August 15th total of 151,600 shares. Based on an average trading volume of 123,900 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in THQ. Cornerstone Advisors LLC lifted its holdings in Abrdn Healthcare Opportunities Fund by 120.3% in the fourth quarter. Cornerstone Advisors LLC now owns 889,767 shares of the company’s stock valued at $16,114,000 after buying an additional 485,798 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Abrdn Healthcare Opportunities Fund by 2.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 878,421 shares of the company’s stock valued at $17,902,000 after acquiring an additional 18,558 shares during the last quarter. Raymond James & Associates boosted its stake in Abrdn Healthcare Opportunities Fund by 3.8% during the 2nd quarter. Raymond James & Associates now owns 827,221 shares of the company’s stock worth $16,859,000 after acquiring an additional 29,946 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 19.1% during the fourth quarter. 1607 Capital Partners LLC now owns 474,494 shares of the company’s stock valued at $8,593,000 after purchasing an additional 76,224 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Abrdn Healthcare Opportunities Fund by 2.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 241,986 shares of the company’s stock worth $4,382,000 after purchasing an additional 6,515 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of Abrdn Healthcare Opportunities Fund stock traded down $0.09 during midday trading on Tuesday, reaching $21.82. The company had a trading volume of 62,198 shares, compared to its average volume of 137,534. The stock has a fifty day simple moving average of $21.40 and a 200 day simple moving average of $20.44. Abrdn Healthcare Opportunities Fund has a 1-year low of $15.29 and a 1-year high of $22.10.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 9.90%. The ex-dividend date of this dividend is Monday, September 23rd.

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.