Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 25,500 shares, a drop of 63.5% from the December 15th total of 69,900 shares. Based on an average trading volume of 211,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Abrdn Healthcare Investors

A number of institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Abrdn Healthcare Investors during the 4th quarter worth approximately $48,000. TD Private Client Wealth LLC acquired a new position in shares of Abrdn Healthcare Investors during the 3rd quarter valued at $66,000. Stifel Financial Corp bought a new position in Abrdn Healthcare Investors during the third quarter worth $188,000. Needham Investment Management LLC grew its holdings in Abrdn Healthcare Investors by 3.1% in the third quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock worth $4,750,000 after purchasing an additional 7,729 shares during the period. Finally, HighTower Advisors LLC increased its stake in Abrdn Healthcare Investors by 13.8% in the third quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 3,220 shares in the last quarter. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Stock Up 1.1 %

Shares of NYSE HQH traded up $0.19 during midday trading on Monday, reaching $16.79. The stock had a trading volume of 262,422 shares, compared to its average volume of 283,732. The company’s 50 day moving average price is $17.17 and its 200 day moving average price is $18.06. Abrdn Healthcare Investors has a twelve month low of $15.76 and a twelve month high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, November 21st were issued a $0.62 dividend. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date was Thursday, November 21st. This represents a $2.48 annualized dividend and a yield of 14.77%.

Abrdn Healthcare Investors Company Profile

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.