Abrdn World Healthcare Fund (NYSE:THW) Short Interest Up 100.2% in December

Abrdn World Healthcare Fund (NYSE:THW) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 137,056 shares, an increase of 100.2% from the December 15th total of 68,464 shares. Based on an average daily trading volume, of 140,967 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 140,967 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THW. Penserra Capital Management LLC grew its stake in Abrdn World Healthcare Fund by 3.7% during the third quarter. Penserra Capital Management LLC now owns 1,106,178 shares of the company’s stock worth $13,937,000 after buying an additional 38,973 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of Abrdn World Healthcare Fund by 112.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 665,422 shares of the company’s stock valued at $8,384,000 after buying an additional 352,906 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Abrdn World Healthcare Fund by 0.3% during the 1st quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after acquiring an additional 1,390 shares during the period. CoreCap Advisors LLC boosted its position in shares of Abrdn World Healthcare Fund by 2.0% during the 3rd quarter. CoreCap Advisors LLC now owns 237,660 shares of the company’s stock worth $2,995,000 after acquiring an additional 4,635 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Abrdn World Healthcare Fund by 28.9% during the 3rd quarter. Raymond James Financial Inc. now owns 193,392 shares of the company’s stock worth $2,437,000 after acquiring an additional 43,376 shares in the last quarter.

Abrdn World Healthcare Fund Trading Up 1.2%

Shares of THW stock opened at $12.93 on Thursday. Abrdn World Healthcare Fund has a 1 year low of $9.80 and a 1 year high of $13.19. The stock has a 50 day simple moving average of $12.69 and a 200 day simple moving average of $12.03.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.1167 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, January 23rd.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.