Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 50.8% in August

Abrdn World Healthcare Fund (NYSE:THW) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 24,996 shares, a drop of 50.8% from the July 30th total of 50,789 shares. Based on an average trading volume of 112,598 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock worth $5,443,000 after buying an additional 1,390 shares in the last quarter. Cetera Investment Advisers raised its holdings in Abrdn World Healthcare Fund by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 68,817 shares of the company’s stock valued at $706,000 after acquiring an additional 8,801 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Abrdn World Healthcare Fund by 23.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,404 shares of the company’s stock valued at $322,000 after acquiring an additional 5,886 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Abrdn World Healthcare Fund in the 2nd quarter valued at $113,000. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Abrdn World Healthcare Fund by 9.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 15,092 shares of the company’s stock valued at $195,000 after acquiring an additional 1,247 shares during the period.

Abrdn World Healthcare Fund Price Performance

Abrdn World Healthcare Fund stock traded down $0.07 during midday trading on Friday, hitting $13.95. The company’s stock had a trading volume of 109,289 shares, compared to its average volume of 137,120. Abrdn World Healthcare Fund has a 1-year low of $11.18 and a 1-year high of $14.50. The company has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $12.82.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.1167 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 10.0%.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.