Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Increases By 34.5%

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 68,464 shares, an increase of 34.5% from the November 30th total of 50,888 shares. Based on an average trading volume of 131,199 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 131,199 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Abrdn World Healthcare Fund

Large investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. boosted its position in Abrdn World Healthcare Fund by 14.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 134,117 shares of the company’s stock valued at $1,690,000 after purchasing an additional 16,612 shares during the period. Wedbush Securities Inc. lifted its stake in Abrdn World Healthcare Fund by 245.1% in the third quarter. Wedbush Securities Inc. now owns 71,384 shares of the company’s stock valued at $899,000 after buying an additional 50,700 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in shares of Abrdn World Healthcare Fund by 112.9% during the third quarter. Cornerstone Advisors LLC now owns 665,422 shares of the company’s stock valued at $8,384,000 after acquiring an additional 352,906 shares during the period. Ameriflex Group Inc. bought a new position in shares of Abrdn World Healthcare Fund during the third quarter worth about $79,000. Finally, PMG Family Office LLC acquired a new stake in shares of Abrdn World Healthcare Fund in the 3rd quarter worth about $352,000.

Abrdn World Healthcare Fund Trading Down 0.5%

Shares of THW traded down $0.06 during mid-day trading on Tuesday, reaching $12.99. 186,766 shares of the stock traded hands, compared to its average volume of 159,583. The stock has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $11.85. Abrdn World Healthcare Fund has a 12-month low of $9.80 and a 12-month high of $13.19.

Abrdn World Healthcare Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a $0.1167 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 10.8%.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.