Abrdn World Healthcare Fund (NYSE:THW) Short Interest Up 691.1% in December

Abrdn World Healthcare Fund (NYSE:THW) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 125,000 shares, a growth of 691.1% from the November 30th total of 15,800 shares. Based on an average daily trading volume, of 162,500 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Abrdn World Healthcare Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empire Financial Management Company LLC purchased a new stake in Abrdn World Healthcare Fund during the 3rd quarter worth approximately $262,000. Wealth Quarterback LLC increased its stake in shares of Abrdn World Healthcare Fund by 7.3% in the 3rd quarter. Wealth Quarterback LLC now owns 54,959 shares of the company’s stock valued at $729,000 after purchasing an additional 3,748 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Abrdn World Healthcare Fund by 195.1% during the third quarter. J.W. Cole Advisors Inc. now owns 49,710 shares of the company’s stock valued at $660,000 after purchasing an additional 32,864 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Abrdn World Healthcare Fund by 1,229.1% during the third quarter. International Assets Investment Management LLC now owns 682,718 shares of the company’s stock worth $9,060,000 after acquiring an additional 631,351 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Abrdn World Healthcare Fund by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 37,402 shares of the company’s stock valued at $496,000 after buying an additional 1,097 shares during the period.

Abrdn World Healthcare Fund Trading Up 0.4 %

Shares of NYSE THW traded up $0.04 during midday trading on Thursday, hitting $11.33. The company’s stock had a trading volume of 151,803 shares, compared to its average volume of 122,892. Abrdn World Healthcare Fund has a 12-month low of $10.92 and a 12-month high of $13.48. The business’s 50 day moving average is $12.04 and its two-hundred day moving average is $12.73.

Abrdn World Healthcare Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.1167 per share. The ex-dividend date is Monday, December 30th. This represents a $1.40 dividend on an annualized basis and a yield of 12.36%.

About Abrdn World Healthcare Fund

Tekla World Healthcare 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 stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.