Tekla Healthcare Investors (NYSE:HQH – Get Rating) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 132,500 shares, a growth of 71.6% from the May 31st total of 77,200 shares. Based on an average daily volume of 119,900 shares, the short-interest ratio is currently 1.1 days.
Large investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Tekla Healthcare Investors during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Tekla Healthcare Investors during the fourth quarter worth approximately $72,000. Cullen Frost Bankers Inc. bought a new stake in shares of Tekla Healthcare Investors during the first quarter worth approximately $89,000. IMA Wealth Inc. boosted its holdings in shares of Tekla Healthcare Investors by 38.9% during the fourth quarter. IMA Wealth Inc. now owns 6,900 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,932 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Tekla Healthcare Investors by 18.0% during the fourth quarter. Bessemer Group Inc. now owns 8,321 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 1,270 shares during the period. Institutional investors own 17.38% of the company’s stock.
Tekla Healthcare Investors stock traded up $0.06 during midday trading on Friday, reaching $18.75. 2,243 shares of the company’s stock were exchanged, compared to its average volume of 140,104. Tekla Healthcare Investors has a 52 week low of $17.42 and a 52 week high of $28.05. The stock’s 50-day simple moving average is $19.28 and its 200 day simple moving average is $20.86.
About Tekla Healthcare Investors (Get Rating)
Tekla Healthcare Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. 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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