Abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 36.7% in February

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 92,300 shares, a decline of 36.7% from the February 13th total of 145,800 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 238,900 shares, the days-to-cover ratio is presently 0.4 days.

Abrdn Healthcare Investors Price Performance

NYSE HQH traded up $0.23 during trading on Monday, reaching $16.81. 123,805 shares of the company’s stock were exchanged, compared to its average volume of 178,235. The business has a 50 day moving average price of $17.34 and a 200-day moving average price of $17.72. Abrdn Healthcare Investors has a fifty-two week low of $15.76 and a fifty-two week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 13.56%. The ex-dividend date of this dividend is Friday, February 21st.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank grew its position in Abrdn Healthcare Investors by 17.3% during the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,105 shares in the last quarter. Atomi Financial Group Inc. grew its position in Abrdn Healthcare Investors by 7.2% during the fourth quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider’s stock worth $400,000 after buying an additional 1,680 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Abrdn Healthcare Investors during the fourth quarter worth approximately $29,000. Invesco Ltd. grew its position in Abrdn Healthcare Investors by 6.7% during the fourth quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider’s stock worth $481,000 after buying an additional 1,884 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Abrdn Healthcare Investors during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.