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

Abrdn Healthcare Investors (NYSE:HQH) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 145,100 shares, an increase of 115.0% from the January 15th total of 67,500 shares. Based on an average daily volume of 244,200 shares, the days-to-cover ratio is presently 0.6 days.

Abrdn Healthcare Investors Trading Up 1.0 %

Shares of NYSE:HQH traded up $0.18 on Thursday, reaching $17.86. The company had a trading volume of 171,089 shares, compared to its average volume of 226,331. The firm’s 50 day simple moving average is $17.08 and its 200-day simple moving average is $17.98. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 21st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a dividend yield of 12.77%.

Institutional Investors Weigh In On Abrdn Healthcare Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors during the fourth quarter worth about $477,000. Rockefeller Capital Management L.P. boosted its stake in Abrdn Healthcare Investors by 78.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 25,014 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 11,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Abrdn Healthcare Investors during the 4th quarter worth approximately $15,049,000. Invesco Ltd. increased its stake in Abrdn Healthcare Investors by 6.7% during the 4th quarter. Invesco Ltd. now owns 29,983 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,884 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Abrdn Healthcare Investors in the fourth quarter worth $573,000. Hedge funds and other 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.