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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 421,865 shares, a decrease of 34.9% from the June 15th total of 647,719 shares. Based on an average trading volume of 318,665 shares, the days-to-cover ratio is presently 1.3 days.

Abrdn Healthcare Opportunities Fund Stock Up 0.1%

Shares of NYSE THQ traded up $0.01 during midday trading on Friday, reaching $18.81. 158,403 shares of the company traded hands, compared to its average volume of 174,223. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.14 and a 12 month high of $20.39. The stock’s 50-day simple moving average is $18.55 and its 200-day simple moving average is $18.58.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be given a $0.18 dividend. The ex-dividend date is Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Trading of Abrdn Healthcare Opportunities Fund

Several hedge funds have recently modified their holdings of THQ. World Equity Group Inc. boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 8.7% in the 2nd quarter. World Equity Group Inc. now owns 20,336 shares of the company’s stock worth $381,000 after acquiring an additional 1,636 shares in the last quarter. Next Level Private LLC raised its position in Abrdn Healthcare Opportunities Fund by 9.2% in the 2nd quarter. Next Level Private LLC now owns 93,047 shares of the company’s stock valued at $1,743,000 after purchasing an additional 7,864 shares during the last quarter. CoreCap Advisors LLC bought a new position in Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $208,000. Bank of America Corp DE boosted its stake in Abrdn Healthcare Opportunities Fund by 3.9% in the first quarter. Bank of America Corp DE now owns 106,349 shares of the company’s stock worth $1,787,000 after purchasing an additional 3,972 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Abrdn Healthcare Opportunities Fund by 1.6% in the first quarter. Royal Bank of Canada now owns 1,143,764 shares of the company’s stock worth $19,215,000 after purchasing an additional 17,907 shares in the last quarter.

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.