Abrdn Healthcare Investors (NYSE:HQH) Sees Significant Increase in Short Interest

Abrdn Healthcare Investors (NYSE:HQH) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 161,000 shares, an increase of 116.4% from the October 31st total of 74,400 shares. Based on an average trading volume of 140,000 shares, the days-to-cover ratio is currently 1.2 days.

Abrdn Healthcare Investors Stock Performance

Abrdn Healthcare Investors stock traded up $0.03 during mid-day trading on Friday, reaching $17.43. The company’s stock had a trading volume of 87,171 shares, compared to its average volume of 159,924. Abrdn Healthcare Investors has a twelve month low of $14.72 and a twelve month high of $19.79. The business has a 50 day moving average price of $18.20 and a 200-day moving average price of $18.10.

Abrdn Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 14.23%.

Institutional Investors Weigh In On Abrdn Healthcare Investors

Institutional investors have recently modified their holdings of the business. Ashton Thomas Securities LLC boosted its stake in Abrdn Healthcare Investors by 3.1% in the third quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 754 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Abrdn Healthcare Investors by 3.1% in the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 1,140 shares during the last quarter. Sage Capital Advisors llc boosted its position in Abrdn Healthcare Investors by 4.7% during the 3rd quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 1,289 shares during the period. Truist Financial Corp boosted its position in Abrdn Healthcare Investors by 11.9% during the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 1,355 shares during the period. Finally, Raymond James & Associates grew its stake in Abrdn Healthcare Investors by 0.9% during the 2nd quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider’s stock worth $3,450,000 after buying an additional 1,847 shares during the last quarter. 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.