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

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 86,757 shares, a decline of 50.4% from the March 15th total of 175,006 shares. Based on an average daily volume of 171,557 shares, the short-interest ratio is presently 0.5 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of NYSE:THQ opened at $17.78 on Friday. Abrdn Healthcare Opportunities Fund has a 1 year low of $15.14 and a 1 year high of $20.39. The stock’s 50-day moving average is $18.25 and its 200 day moving average is $18.48.

Abrdn Healthcare Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. World Investment Advisors purchased a new position in Abrdn Healthcare Opportunities Fund during the 4th quarter valued at about $460,000. Evolve Private Wealth LLC bought a new stake in Abrdn Healthcare Opportunities Fund during the 4th quarter valued at approximately $1,436,000. Cetera Investment Advisers boosted its position in Abrdn Healthcare Opportunities Fund by 9.8% during the 4th quarter. Cetera Investment Advisers now owns 73,536 shares of the company’s stock valued at $1,407,000 after acquiring an additional 6,573 shares in the last quarter. &PARTNERS boosted its position in Abrdn Healthcare Opportunities Fund by 6.7% during the 4th quarter. &PARTNERS now owns 22,138 shares of the company’s stock valued at $424,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Abrdn Healthcare Opportunities Fund by 1.2% during the 4th quarter. Royal Bank of Canada now owns 1,125,857 shares of the company’s stock valued at $21,537,000 after acquiring an additional 13,043 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

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.