Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

Abrdn World Healthcare Fund (NYSE:THWGet Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 138,500 shares, a drop of 28.9% from the April 30th total of 194,700 shares. Based on an average daily volume of 97,500 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of THW. International Assets Investment Management LLC boosted its stake in Abrdn World Healthcare Fund by 1,947.3% during the 4th quarter. International Assets Investment Management LLC now owns 482,929 shares of the company’s stock worth $5,636,000 after acquiring an additional 459,340 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Abrdn World Healthcare Fund during the 3rd quarter worth approximately $1,553,000. Significant Wealth Partners LLC bought a new position in Abrdn World Healthcare Fund during the 4th quarter worth approximately $1,104,000. Flow State Investments L.P. bought a new position in Abrdn World Healthcare Fund during the 4th quarter worth approximately $962,000. Finally, Tradition Wealth Management LLC boosted its stake in Abrdn World Healthcare Fund by 560.8% during the 4th quarter. Tradition Wealth Management LLC now owns 41,225 shares of the company’s stock worth $481,000 after acquiring an additional 34,986 shares during the last quarter.

Abrdn World Healthcare Fund Trading Up 1.5 %

Shares of Abrdn World Healthcare Fund stock traded up $0.19 during mid-day trading on Thursday, reaching $12.76. 48,829 shares of the stock were exchanged, compared to its average volume of 123,050. The firm has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $12.40. Abrdn World Healthcare Fund has a fifty-two week low of $9.76 and a fifty-two week high of $14.43.

Abrdn World Healthcare Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a $0.1167 dividend. This represents a $1.40 annualized dividend and a dividend yield of 10.97%. The ex-dividend date is Wednesday, May 22nd.

About Abrdn World Healthcare Fund

(Get Free Report)

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.

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