Short Interest in Abrdn Healthcare Investors (NYSE:HQH) Rises By 25.3%

Abrdn Healthcare Investors (NYSE:HQH) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 69,900 shares, an increase of 25.3% from the November 30th total of 55,800 shares. Based on an average daily trading volume, of 181,600 shares, the short-interest ratio is presently 0.4 days.

Abrdn Healthcare Investors Stock Down 0.1 %

NYSE HQH opened at $16.18 on Tuesday. The business has a 50 day moving average price of $17.52 and a 200 day moving average price of $18.11. Abrdn Healthcare Investors has a 1-year low of $15.76 and a 1-year high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 15.33%. The ex-dividend date is Thursday, November 21st.

Institutional Trading of Abrdn Healthcare Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new stake in shares of Abrdn Healthcare Investors in the third quarter valued at $16,145,000. Raymond James & Associates raised its stake in Abrdn Healthcare Investors by 79.8% in the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock valued at $6,614,000 after purchasing an additional 157,618 shares during the last quarter. Needham Investment Management LLC lifted its holdings in Abrdn Healthcare Investors by 3.1% in the 3rd quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock valued at $4,750,000 after purchasing an additional 7,729 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Abrdn Healthcare Investors by 36.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 177,820 shares of the financial services provider’s stock worth $3,311,000 after purchasing an additional 47,518 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Abrdn Healthcare Investors by 28.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 90,160 shares of the financial services provider’s stock worth $1,576,000 after buying an additional 19,719 shares in the last quarter. Hedge funds and other institutional investors own 32.60% of the company’s stock.

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.