Abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 25.6% in June

Abrdn Healthcare Investors (NYSE:HQH) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 40,200 shares, a drop of 25.6% from the June 15th total of 54,000 shares. Based on an average daily volume of 143,400 shares, the short-interest ratio is currently 0.3 days.

Abrdn Healthcare Investors Price Performance

HQH stock traded up $0.40 during mid-day trading on Monday, hitting $18.58. 191,589 shares of the company were exchanged, compared to its average volume of 156,379. Abrdn Healthcare Investors has a twelve month low of $14.31 and a twelve month high of $18.60. The firm has a fifty day simple moving average of $17.15 and a 200 day simple moving average of $16.93.

Abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date was Wednesday, May 22nd. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.48.

Institutional Investors Weigh In On Abrdn Healthcare Investors

A number of institutional investors have recently modified their holdings of HQH. Northwest Investment Counselors LLC acquired a new stake in shares of Abrdn Healthcare Investors in the 1st quarter worth approximately $51,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Abrdn Healthcare Investors by 76.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 10,420 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,520 shares in the last quarter. Milestone Asset Management LLC bought a new stake in shares of Abrdn Healthcare Investors in the 4th quarter worth approximately $212,000. Apollon Wealth Management LLC raised its holdings in shares of Abrdn Healthcare Investors by 32.5% in the 4th quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 3,607 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of Abrdn Healthcare Investors by 6.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,238 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.