abrdn Healthcare Investors (NYSE:HQH) Sees Significant Decrease in Short Interest

abrdn Healthcare Investors (NYSE:HQH) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 35,063 shares, a drop of 23.0% from the November 30th total of 45,516 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 181,760 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 181,760 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HQH. Penserra Capital Management LLC raised its stake in shares of abrdn Healthcare Investors by 15.4% in the third quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock worth $22,130,000 after purchasing an additional 159,618 shares during the last quarter. Smith Asset Management Co. LLC acquired a new stake in abrdn Healthcare Investors during the 1st quarter valued at approximately $1,961,000. Raymond James Financial Inc. lifted its stake in abrdn Healthcare Investors by 9.2% during the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock valued at $20,131,000 after acquiring an additional 110,011 shares during the period. Royal Bank of Canada boosted 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 valued at $8,604,000 after acquiring an additional 95,441 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of abrdn Healthcare Investors by 32.9% in the second quarter. Advisors Asset Management Inc. now owns 351,359 shares of the financial services provider’s stock worth $5,443,000 after acquiring an additional 86,924 shares during the period. 32.60% of the stock is owned by institutional investors and hedge funds.

abrdn Healthcare Investors Price Performance

Shares of HQH stock traded up $0.03 during trading hours on Tuesday, reaching $18.93. 251,928 shares of the company’s stock were exchanged, compared to its average volume of 152,710. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.69. The stock’s fifty day moving average price is $18.93 and its two-hundred day moving average price is $17.43.

abrdn Healthcare Investors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, November 21st will be paid a $0.57 dividend. This is a positive change from abrdn Healthcare Investors’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, November 21st. This represents a $2.28 dividend on an annualized basis and a yield of 12.0%.

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.