Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 341,629 shares, a growth of 183.9% from the December 31st total of 120,327 shares. Based on an average trading volume of 222,754 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 222,754 shares, the days-to-cover ratio is presently 1.5 days.

Abrdn Healthcare Opportunities Fund Stock Performance

THQ opened at $19.15 on Friday. The stock’s fifty day simple moving average is $19.21 and its 200 day simple moving average is $17.98. Abrdn Healthcare Opportunities Fund has a 1-year low of $15.14 and a 1-year high of $21.38.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Friday, January 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 4.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 37,609 shares of the company’s stock worth $692,000 after acquiring an additional 1,677 shares during the period. PFG Investments LLC lifted its holdings in Abrdn Healthcare Opportunities Fund by 3.8% during the 2nd quarter. PFG Investments LLC now owns 19,685 shares of the company’s stock worth $362,000 after purchasing an additional 718 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in Abrdn Healthcare Opportunities Fund during the 2nd quarter worth approximately $151,000. CWM LLC boosted its stake in Abrdn Healthcare Opportunities Fund by 47.8% in the 2nd quarter. CWM LLC now owns 56,397 shares of the company’s stock valued at $1,037,000 after purchasing an additional 18,227 shares during the period. Finally, WNY Asset Management LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 6.7% in the 2nd quarter. WNY Asset Management LLC now owns 41,233 shares of the company’s stock valued at $758,000 after buying an additional 2,595 shares in the last quarter.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.