Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 120,327 shares, an increase of 38.2% from the December 15th total of 87,043 shares. Based on an average trading volume of 139,036 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 139,036 shares, the short-interest ratio is presently 0.9 days.

Abrdn Healthcare Opportunities Fund Stock Down 0.4%

Abrdn Healthcare Opportunities Fund stock traded down $0.07 during trading on Friday, reaching $19.72. The stock had a trading volume of 672,918 shares, compared to its average volume of 263,638. The business has a 50 day moving average price of $18.91 and a 200 day moving average price of $17.87. Abrdn Healthcare Opportunities Fund has a 52-week low of $15.14 and a 52-week high of $21.38.

Abrdn Healthcare Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, January 23rd.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC lifted its position in shares of Abrdn Healthcare Opportunities Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 954,956 shares of the company’s stock valued at $17,561,000 after acquiring an additional 28,217 shares in the last quarter. Heron Bay Capital Management raised its holdings in Abrdn Healthcare Opportunities Fund by 7.6% in the third quarter. Heron Bay Capital Management now owns 491,284 shares of the company’s stock valued at $8,494,000 after buying an additional 34,724 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Abrdn Healthcare Opportunities Fund by 0.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 254,515 shares of the company’s stock valued at $4,681,000 after acquiring an additional 1,258 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Abrdn Healthcare Opportunities Fund by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock valued at $4,041,000 after buying an additional 12,244 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Abrdn Healthcare Opportunities Fund by 16.2% during the third quarter. First Trust Advisors LP now owns 143,523 shares of the company’s stock valued at $2,482,000 after purchasing an additional 19,971 shares during the period.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.