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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 96,700 shares, a growth of 77.4% from the December 15th total of 54,500 shares. Based on an average trading volume of 149,100 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of THQ. Janney Montgomery Scott LLC raised its position in Abrdn Healthcare Opportunities Fund by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 31,661 shares of the company’s stock valued at $597,000 after purchasing an additional 1,382 shares during the last quarter. Stifel Financial Corp lifted its position in Abrdn Healthcare Opportunities Fund by 3.7% during the 3rd quarter. Stifel Financial Corp now owns 122,234 shares of the company’s stock worth $2,699,000 after buying an additional 4,355 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in Abrdn Healthcare Opportunities Fund during the 3rd quarter worth about $491,000. Penserra Capital Management LLC acquired a new stake in Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at about $5,001,000. Finally, Cerity Partners LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth about $503,000.

Abrdn Healthcare Opportunities Fund Stock Up 0.2 %

Shares of NYSE:THQ traded up $0.04 on Friday, hitting $19.96. The stock had a trading volume of 921,766 shares, compared to its average volume of 274,770. The firm’s 50 day moving average price is $19.69 and its 200-day moving average price is $20.85. Abrdn Healthcare Opportunities Fund has a twelve month low of $17.92 and a twelve month high of $22.60.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently disclosed 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 10.82%.

Abrdn Healthcare Opportunities Fund Company Profile

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.