Short Interest in Tekla World Healthcare Fund (NYSE:THW) Increases By 23.3%

Tekla World Healthcare Fund (NYSE:THWGet Rating) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 312,700 shares, an increase of 23.3% from the May 31st total of 253,700 shares. Based on an average daily volume of 129,200 shares, the days-to-cover ratio is currently 2.4 days.

Shares of NYSE:THW opened at $14.65 on Wednesday. The company’s fifty day moving average is $15.14 and its two-hundred day moving average is $15.11. Tekla World Healthcare Fund has a 12-month low of $13.29 and a 12-month high of $17.38.

The company also recently announced a monthly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, June 21st were paid a dividend of $0.1167 per share. This represents a $1.40 annualized dividend and a yield of 9.56%. The ex-dividend date was Friday, June 17th.

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Tekla World Healthcare Fund by 0.3% during the 1st quarter. Royal Bank of Canada now owns 636,571 shares of the company’s stock valued at $9,695,000 after purchasing an additional 1,630 shares during the period. UBS Group AG increased its stake in shares of Tekla World Healthcare Fund by 2.3% in the first quarter. UBS Group AG now owns 293,614 shares of the company’s stock worth $4,472,000 after acquiring an additional 6,616 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Tekla World Healthcare Fund by 1.1% in the first quarter. Centaurus Financial Inc. now owns 133,149 shares of the company’s stock worth $2,028,000 after acquiring an additional 1,384 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Tekla World Healthcare Fund by 44.6% in the first quarter. NewEdge Advisors LLC now owns 20,100 shares of the company’s stock worth $306,000 after acquiring an additional 6,200 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Tekla World Healthcare Fund by 5.8% in the first quarter. Cetera Investment Advisers now owns 29,663 shares of the company’s stock worth $452,000 after acquiring an additional 1,628 shares during the last quarter.

Tekla World Healthcare Fund Company Profile (Get Rating)

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.

Further Reading

Receive News & Ratings for Tekla World Healthcare Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tekla World Healthcare Fund and related companies with MarketBeat.com's FREE daily email newsletter.