abrdn Healthcare Investors (NYSE:HQH) Stock Short Interest Climbs 198.8%

abrdn Healthcare Investors (NYSE:HQH) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 86,417 shares, an increase of 198.8% from the October 15th total of 28,923 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 145,371 shares, the short-interest ratio is presently 0.6 days.

abrdn Healthcare Investors Stock Up 0.3%

Shares of NYSE:HQH traded up $0.07 during trading hours on Friday, hitting $21.40. 84,058 shares of the company’s stock traded hands, compared to its average volume of 165,030. The business has a fifty day moving average price of $20.84 and a 200-day moving average price of $20.41. abrdn Healthcare Investors has a 1 year low of $17.14 and a 1 year high of $24.85.

abrdn Healthcare Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 12th. Investors of record on Friday, November 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, November 20th. This represents a $2.72 dividend on an annualized basis and a yield of 12.7%.

Institutional Trading of abrdn Healthcare Investors

Institutional investors and hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. increased its holdings in abrdn Healthcare Investors by 5.4% in the 3rd quarter. Moors & Cabot Inc. now owns 10,753 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 552 shares in the last quarter. Triumph Capital Management raised its holdings in shares of abrdn Healthcare Investors by 1.3% during the second quarter. Triumph Capital Management now owns 45,512 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 567 shares during the last quarter. Concorde Asset Management LLC boosted its stake in shares of abrdn Healthcare Investors by 6.3% in the first quarter. Concorde Asset Management LLC now owns 11,487 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 676 shares during the last quarter. Ashton Thomas Securities LLC raised its stake in abrdn Healthcare Investors by 6.5% in the 1st quarter. Ashton Thomas Securities LLC now owns 11,592 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 712 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in abrdn Healthcare Investors by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,248 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 733 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors.

About abrdn Healthcare Investors

abrdn Healthcare Investors is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the securities of healthcare and life sciences businesses. Rather than providing healthcare services directly, the fund offers investors exposure to companies in the sector. Its investments may include businesses involved in pharmaceuticals, biotechnology, medical devices and other healthcare-related areas. The portfolio can include companies in the United States and other markets, and its holdings may change over time.