Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Rises By 85.6%

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 177,929 shares, a growth of 85.6% from the June 30th total of 95,888 shares. Based on an average daily volume of 162,959 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A number of hedge funds have recently modified their holdings of the stock. Allied Private Wealth LLC purchased a new stake in shares of Abrdn World Healthcare Fund during the second quarter valued at $27,000. Bank of America Corp DE boosted its position in shares of Abrdn World Healthcare Fund by 4.8% in the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after purchasing an additional 1,595 shares during the period. Empire Financial Management Company LLC raised its holdings in Abrdn World Healthcare Fund by 3.7% during the 1st quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock worth $743,000 after buying an additional 2,265 shares during the period. Royal Bank of Canada raised its holdings in Abrdn World Healthcare Fund by 3.6% during the 1st quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock worth $5,401,000 after buying an additional 16,093 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Abrdn World Healthcare Fund by 7.1% during the first quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock valued at $1,004,000 after buying an additional 5,678 shares in the last quarter.

Abrdn World Healthcare Fund Trading Down 0.6%

NYSE:THW traded down $0.07 during trading hours on Thursday, reaching $13.15. 61,772 shares of the company’s stock were exchanged, compared to its average volume of 138,928. Abrdn World Healthcare Fund has a 12 month low of $10.60 and a 12 month high of $13.79. The business’s 50-day simple moving average is $12.97 and its two-hundred day simple moving average is $12.64.

Abrdn World Healthcare Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd will be given a dividend of $0.1167 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Thursday, July 23rd.

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.