Abrdn World Healthcare Fund (NYSE:THW) Sees Large Increase in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 95,000 shares, a growth of 59.1% from the December 31st total of 59,700 shares. Based on an average daily trading volume, of 220,800 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THW. Adirondack Trust Co. acquired a new stake in shares of Abrdn World Healthcare Fund in the third quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new position in Abrdn World Healthcare Fund during the third quarter valued at approximately $73,000. Kingswood Wealth Advisors LLC purchased a new position in Abrdn World Healthcare Fund during the fourth quarter valued at approximately $176,000. Empire Financial Management Company LLC purchased a new position in Abrdn World Healthcare Fund during the third quarter valued at approximately $262,000. Finally, BLB&B Advisors LLC purchased a new position in Abrdn World Healthcare Fund during the third quarter valued at approximately $265,000.

Abrdn World Healthcare Fund Trading Up 0.9 %

Shares of NYSE:THW traded up $0.11 during trading on Friday, hitting $12.09. The company’s stock had a trading volume of 106,597 shares, compared to its average volume of 274,829. Abrdn World Healthcare Fund has a fifty-two week low of $10.91 and a fifty-two week high of $13.48. The stock’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $12.46.

Abrdn World Healthcare Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date is Friday, January 24th.

Abrdn World Healthcare Fund Company Profile

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.