Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

Abrdn World Healthcare Fund (NYSE:THW) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.2% from the February 13th total of 259,400 shares. Based on an average trading volume of 207,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Elequin Capital LP acquired a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth $62,000. Brown Brothers Harriman & Co. acquired a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth $66,000. GWN Securities Inc. acquired a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth $145,000. Ameriflex Group Inc. acquired a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth $158,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth $176,000.

Abrdn World Healthcare Fund Price Performance

Abrdn World Healthcare Fund stock traded down $0.00 during midday trading on Wednesday, reaching $11.92. The company’s stock had a trading volume of 114,306 shares, compared to its average volume of 131,398. Abrdn World Healthcare Fund has a fifty-two week low of $10.91 and a fifty-two week high of $13.48. The stock’s 50 day simple moving average is $11.85 and its 200 day simple moving average is $12.18.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be issued a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend is Tuesday, March 25th.

About Abrdn World Healthcare Fund

Tekla World Healthcare 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 stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.