Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Large Growth in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 239,429 shares, a growth of 174.9% from the April 15th total of 87,087 shares. Based on an average daily volume of 144,876 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Abrdn Healthcare Opportunities Fund by 216.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock valued at $81,000 after purchasing an additional 2,891 shares in the last quarter. Comerica Bank boosted its position in Abrdn Healthcare Opportunities Fund by 30.3% in the third quarter. Comerica Bank now owns 11,244 shares of the company’s stock valued at $194,000 after buying an additional 2,613 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Abrdn Healthcare Opportunities Fund during the third quarter worth $207,000. Maridea Wealth Management LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund during the third quarter worth $221,000. Finally, Stephens Inc. AR bought a new position in shares of Abrdn Healthcare Opportunities Fund in the 3rd quarter valued at $228,000.

Abrdn Healthcare Opportunities Fund Trading Down 0.9%

Shares of THQ opened at $18.28 on Friday. Abrdn Healthcare Opportunities Fund has a 52-week low of $15.14 and a 52-week high of $20.39. The business’s fifty day moving average is $17.87 and its 200-day moving average is $18.55.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.18 dividend. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Thursday, May 21st.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.