Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Declines By 20.4%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 120,600 shares, a drop of 20.4% from the August 15th total of 151,600 shares. Based on an average daily trading volume, of 123,900 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Abrdn Healthcare Opportunities Fund during the first quarter valued at approximately $46,000. EverSource Wealth Advisors LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 2nd quarter worth approximately $86,000. Jump Financial LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the 4th quarter worth approximately $202,000. Weiss Asset Management LP bought a new position in Abrdn Healthcare Opportunities Fund in the 4th quarter valued at $205,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth $211,000.

Abrdn Healthcare Opportunities Fund Trading Down 0.3 %

THQ opened at $21.72 on Monday. The stock has a 50-day moving average of $21.37 and a 200 day moving average of $20.43. Abrdn Healthcare Opportunities Fund has a 12 month low of $15.29 and a 12 month high of $22.10.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a $0.18 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.16 dividend on an annualized basis and a yield of 9.94%.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.