Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Increases By 34.5%

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 68,464 shares, an increase of 34.5% from the November 30th total of 50,888 shares. Based on an average daily volume of 131,199 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 131,199 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Abrdn World Healthcare Fund by 0.3% during the 1st quarter. Royal Bank of Canada now owns 472,082 shares of the company’s stock valued at $5,443,000 after purchasing an additional 1,390 shares in the last quarter. Integrity Alliance LLC. bought a new stake in Abrdn World Healthcare Fund during the first quarter worth approximately $131,000. Triumph Capital Management boosted its holdings in Abrdn World Healthcare Fund by 10.3% during the second quarter. Triumph Capital Management now owns 28,749 shares of the company’s stock worth $295,000 after buying an additional 2,692 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Abrdn World Healthcare Fund in the second quarter worth approximately $147,000. Finally, Abel Hall LLC bought a new position in shares of Abrdn World Healthcare Fund in the second quarter valued at $195,000.

Abrdn World Healthcare Fund Stock Performance

Shares of THW traded down $0.06 during mid-day trading on Tuesday, reaching $12.99. 186,766 shares of the company’s stock traded hands, compared to its average volume of 159,583. The business’s 50-day moving average price is $12.68 and its 200-day moving average price is $11.85. Abrdn World Healthcare Fund has a 12 month low of $9.80 and a 12 month high of $13.19.

Abrdn World Healthcare Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1167 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 10.8%.

Abrdn World Healthcare Fund Company Profile

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.