abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 39.7% in August

abrdn Healthcare Investors (NYSE:HQH) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 82,667 shares, a drop of 39.7% from the August 15th total of 137,144 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 219,445 shares, the days-to-cover ratio is presently 0.4 days.

abrdn Healthcare Investors Price Performance

Shares of NYSE HQH traded down $0.21 during trading hours on Friday, hitting $21.43. 47,440 shares of the company’s stock were exchanged, compared to its average volume of 186,709. abrdn Healthcare Investors has a 1-year low of $16.80 and a 1-year high of $24.85. The company’s 50-day moving average price is $22.38 and its 200-day moving average price is $20.50.

abrdn Healthcare Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, August 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in abrdn Healthcare Investors during the second quarter worth $149,000. NewEdge Advisors LLC boosted its holdings in abrdn Healthcare Investors by 8.4% in the 2nd quarter. NewEdge Advisors LLC now owns 164,510 shares of the financial services provider’s stock valued at $3,616,000 after purchasing an additional 12,772 shares during the period. Ameritas Advisory Services LLC acquired a new stake in abrdn Healthcare Investors in the 2nd quarter worth $149,000. Turner Financial Group Inc. acquired a new stake in abrdn Healthcare Investors in the 2nd quarter worth $388,000. Finally, Triumph Capital Management increased its holdings in shares of abrdn Healthcare Investors by 1.3% during the 2nd quarter. Triumph Capital Management now owns 45,512 shares of the financial services provider’s stock worth $1,000,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE: HQH) is a non-diversified, closed-end investment company focused on the healthcare and life sciences sectors. The fund seeks long-term capital appreciation by investing in a portfolio of public and private companies involved in areas such as biotechnology, pharmaceuticals, medical devices, healthcare services and other related industries.

The fund invests primarily in equity securities, including common stocks and other securities of healthcare companies at various stages of development.