Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Decreases By 16.2%

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.2% from the February 13th total of 259,400 shares. Based on an average daily volume of 207,000 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elequin Capital LP bought a new position in shares of Abrdn World Healthcare Fund during the 4th quarter worth about $62,000. Brown Brothers Harriman & Co. bought a new position in Abrdn World Healthcare Fund during the 4th quarter valued at about $66,000. GWN Securities Inc. bought a new position in Abrdn World Healthcare Fund during the 4th quarter valued at about $145,000. Ameriflex Group Inc. bought a new position in shares of Abrdn World Healthcare Fund in the fourth quarter worth about $158,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Abrdn World Healthcare Fund in the fourth quarter worth about $176,000.

Abrdn World Healthcare Fund Stock Performance

NYSE:THW remained flat at $11.93 during midday trading on Thursday. 8,759 shares of the company were exchanged, compared to its average volume of 131,173. Abrdn World Healthcare Fund has a 1-year low of $10.91 and a 1-year high of $13.48. The business has a fifty day moving average price of $11.86 and a two-hundred day moving average price of $12.18.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.1167 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend is Tuesday, March 25th.

Abrdn World Healthcare Fund Company Profile

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.