abrdn Healthcare Investors (NYSE:HQH) Short Interest Up 361.3% in February

abrdn Healthcare Investors (NYSE:HQH) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 191,363 shares, a growth of 361.3% from the January 29th total of 41,483 shares. Based on an average trading volume of 173,847 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 173,847 shares, the days-to-cover ratio is currently 1.1 days.

abrdn Healthcare Investors Stock Up 0.7%

NYSE:HQH opened at $19.18 on Friday. The business has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $18.49. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $20.46.

abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be given a $0.63 dividend. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Friday, February 20th.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of abrdn Healthcare Investors during the first quarter valued at approximately $166,000. NewEdge Advisors LLC boosted its position in shares of abrdn Healthcare Investors by 3.0% during the first quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,274 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of abrdn Healthcare Investors by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after buying an additional 788 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of abrdn Healthcare Investors by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 28,687 shares of the financial services provider’s stock worth $444,000 after buying an additional 2,438 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.