Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Drops By 19.7%

Abrdn World Healthcare Fund (NYSE:THW) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 102,600 shares, a decrease of 19.7% from the September 30th total of 127,700 shares. Based on an average daily volume of 101,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

Large investors have recently made changes to their positions in the stock. Adirondack Trust Co. acquired a new position in Abrdn World Healthcare Fund in the third quarter valued at about $27,000. EverSource Wealth Advisors LLC bought a new position in Abrdn World Healthcare Fund in the second quarter valued at about $72,000. Future Financial Wealth Managment LLC bought a new stake in Abrdn World Healthcare Fund during the 3rd quarter worth approximately $73,000. Kapstone Financial Advisors LLC bought a new stake in shares of Abrdn World Healthcare Fund in the 2nd quarter valued at about $138,000. Finally, Hartline Investment Corp acquired a new stake in Abrdn World Healthcare Fund during the 1st quarter valued at approximately $164,000.

Abrdn World Healthcare Fund Stock Down 0.4 %

NYSE:THW traded down $0.05 during trading hours on Friday, hitting $12.61. The stock had a trading volume of 76,582 shares, compared to its average volume of 109,588. Abrdn World Healthcare Fund has a one year low of $9.76 and a one year high of $13.48. The business’s 50 day moving average is $13.12 and its 200-day moving average is $12.99.

Abrdn World Healthcare Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date is Thursday, October 24th.

Abrdn World Healthcare Fund Company Profile

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.