Abrdn Healthcare Opportunities Fund (NYSE:THQ) Sees Significant Decrease in Short Interest

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 115,500 shares, a decrease of 26.4% from the October 31st total of 156,900 shares. Based on an average daily volume of 116,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of large investors have recently made changes to their positions in the stock. Fortitude Family Office LLC purchased a new position in Abrdn Healthcare Opportunities Fund during the third quarter worth about $28,000. Future Financial Wealth Managment LLC purchased a new position in Abrdn Healthcare Opportunities Fund during the third quarter worth about $44,000. Ashton Thomas Securities LLC purchased a new position in Abrdn Healthcare Opportunities Fund during the third quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new position in Abrdn Healthcare Opportunities Fund during the second quarter worth about $86,000. Finally, Moors & Cabot Inc. purchased a new position in Abrdn Healthcare Opportunities Fund during the third quarter worth about $202,000.

Abrdn Healthcare Opportunities Fund Stock Up 1.4 %

Shares of THQ traded up $0.29 during trading hours on Friday, reaching $20.88. 124,089 shares of the company traded hands, compared to its average volume of 134,119. Abrdn Healthcare Opportunities Fund has a fifty-two week low of $16.95 and a fifty-two week high of $22.60. The stock has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $21.03.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Thursday, November 21st.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities 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 securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.