Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,180 shares, a decline of 63.3% from the August 15th total of 24,996 shares. Based on an average daily volume of 131,330 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Abrdn World Healthcare Fund by 3.6% during the 1st quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock valued at $5,401,000 after acquiring an additional 16,093 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Abrdn World Healthcare Fund by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 257,753 shares of the company’s stock worth $3,008,000 after purchasing an additional 23,487 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Abrdn World Healthcare Fund by 1.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 232,735 shares of the company’s stock worth $2,974,000 after purchasing an additional 4,120 shares during the period. Cetera Investment Advisers increased its position in shares of Abrdn World Healthcare Fund by 7.1% in the first quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock worth $1,004,000 after purchasing an additional 5,678 shares during the period. Finally, Empire Financial Management Company LLC raised its stake in Abrdn World Healthcare Fund by 3.7% in the first quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock valued at $743,000 after purchasing an additional 2,265 shares in the last quarter.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE:THW traded up $0.24 on Monday, reaching $13.63. 114,185 shares of the company’s stock were exchanged, compared to its average volume of 134,268. The company has a fifty day moving average of $13.68 and a 200-day moving average of $12.91. Abrdn World Healthcare Fund has a twelve month low of $11.18 and a twelve month high of $14.50.

Abrdn World Healthcare Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 10.6%. This is an increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12. The ex-dividend date is Tuesday, September 22nd.

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.