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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 151,508 shares, a decline of 64.1% from the June 30th total of 421,865 shares. Based on an average trading volume of 275,291 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently modified their holdings of THQ. PFG Investments LLC lifted its position in Abrdn Healthcare Opportunities Fund by 4.5% in the first quarter. PFG Investments LLC now owns 15,140 shares of the company’s stock valued at $254,000 after buying an additional 653 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Abrdn Healthcare Opportunities Fund by 1.5% during the 1st quarter. D.A. Davidson & CO. now owns 44,548 shares of the company’s stock worth $748,000 after purchasing an additional 657 shares during the period. StoneX Group Inc. increased its holdings in Abrdn Healthcare Opportunities Fund by 5.3% in the 4th quarter. StoneX Group Inc. now owns 14,170 shares of the company’s stock valued at $273,000 after purchasing an additional 711 shares during the last quarter. CWM LLC raised its position in Abrdn Healthcare Opportunities Fund by 1.2% in the fourth quarter. CWM LLC now owns 69,386 shares of the company’s stock valued at $1,327,000 after purchasing an additional 790 shares during the period. Finally, HBK Sorce Advisory LLC lifted its stake in Abrdn Healthcare Opportunities Fund by 4.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,089 shares of the company’s stock worth $518,000 after purchasing an additional 1,193 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Trading Up 1.8%

Shares of THQ traded up $0.33 during mid-day trading on Tuesday, reaching $18.99. The stock had a trading volume of 173,301 shares, compared to its average volume of 178,771. Abrdn Healthcare Opportunities Fund has a 52-week low of $15.14 and a 52-week high of $20.39. The business’s fifty day moving average is $18.61 and its 200 day moving average is $18.55.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be given a $0.18 dividend. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date is Thursday, July 23rd.

Abrdn Healthcare Opportunities Fund Company Profile

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.