Short Interest in Abrdn Healthcare Investors (NYSE:HQH) Expands By 3,058.6%

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 183,200 shares, a growth of 3,058.6% from the July 15th total of 5,800 shares. Based on an average trading volume of 174,600 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Abrdn Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Abrdn Healthcare Investors by 1,108.9% during the fourth quarter. International Assets Investment Management LLC now owns 37,428 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 34,332 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Abrdn Healthcare Investors by 6.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 16,238 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 1,000 shares during the last quarter. Private Advisor Group LLC grew its holdings in Abrdn Healthcare Investors by 16.0% during the 4th quarter. Private Advisor Group LLC now owns 31,510 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 4,337 shares during the last quarter. Apollon Wealth Management LLC raised its position in Abrdn Healthcare Investors by 32.5% in the 4th quarter. Apollon Wealth Management LLC now owns 14,697 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 3,607 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake in Abrdn Healthcare Investors by 20.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 17,470 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 2,928 shares during the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Trading Up 1.4 %

HQH stock opened at $19.04 on Wednesday. The company has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $17.15. Abrdn Healthcare Investors has a 52 week low of $14.31 and a 52 week high of $19.27.

Abrdn Healthcare Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 23rd will be given a $0.59 dividend. The ex-dividend date is Friday, August 23rd. This represents a $2.36 annualized dividend and a yield of 12.39%.

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.