Abrdn Healthcare Investors (NYSE:HQH – Get Free Report) 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
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.
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