Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Expands By 77.4%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 96,700 shares, an increase of 77.4% from the December 15th total of 54,500 shares. Based on an average trading volume of 149,100 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at approximately $44,000. Ashton Thomas Securities LLC purchased a new position in shares of Abrdn Healthcare Opportunities Fund during the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth approximately $86,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Abrdn Healthcare Opportunities Fund in the third quarter worth $202,000.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of THQ opened at $19.39 on Wednesday. Abrdn Healthcare Opportunities Fund has a 12 month low of $17.92 and a 12 month high of $22.60. The stock’s 50-day moving average is $19.74 and its two-hundred day moving average is $20.87.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $2.16 annualized dividend and a dividend yield of 11.14%.

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.