Abrdn World Healthcare Fund (NYSE:THW) Sees Large Increase in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 40,137 shares, an increase of 337.2% from the August 31st total of 9,180 shares. Based on an average daily trading volume, of 84,689 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of THW. Triumph Capital Management raised its stake in shares of Abrdn World Healthcare Fund by 3.7% during the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after purchasing an additional 1,128 shares in the last quarter. Allied Private Wealth LLC bought a new position in Abrdn World Healthcare Fund in the 2nd quarter valued at about $27,000. Bank of America Corp DE grew its position in Abrdn World Healthcare Fund by 4.8% in the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after buying an additional 1,595 shares in the last quarter. Empire Financial Management Company LLC increased its stake in Abrdn World Healthcare Fund by 3.7% during the 1st quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock valued at $743,000 after buying an additional 2,265 shares during the period. Finally, Royal Bank of Canada increased its stake in 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 buying an additional 16,093 shares during the period.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE THW traded down $0.12 during midday trading on Friday, hitting $13.20. 49,562 shares of the company’s stock were exchanged, compared to its average volume of 132,606. Abrdn World Healthcare Fund has a twelve month low of $11.18 and a twelve month high of $14.50. The stock’s 50 day moving average price is $13.69 and its 200-day moving average price is $12.97.

Abrdn World Healthcare Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is an increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.1167.

Abrdn World Healthcare Fund Company Profile

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company managed by abrdn Inc The fund seeks to provide total return through a combination of current income and long-term capital appreciation by investing primarily in companies involved in the global healthcare industry.

Its portfolio may include pharmaceutical and biotechnology companies, medical device and equipment manufacturers, healthcare services providers, life sciences businesses, and other firms supporting healthcare delivery and research.