Abrdn Healthcare Investors (NYSE:HQH – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 92,300 shares, a decline of 36.7% from the February 13th total of 145,800 shares. Based on an average daily volume of 238,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.
Abrdn Healthcare Investors Stock Performance
NYSE HQH remained flat at $16.55 during mid-day trading on Friday. 169,442 shares of the company traded hands, compared to its average volume of 214,611. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79. The company has a 50-day moving average price of $17.34 and a two-hundred day moving average price of $17.74.
Abrdn Healthcare Investors Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 13.78%. The ex-dividend date of this dividend is Friday, February 21st.
Hedge Funds Weigh In On Abrdn Healthcare Investors
Abrdn Healthcare Investors Company Profile
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.
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