abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 20.4% in January

abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 41,483 shares, a decline of 20.4% from the January 15th total of 52,128 shares. Based on an average trading volume of 207,363 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 207,363 shares, the short-interest ratio is currently 0.2 days.

abrdn Healthcare Investors Stock Performance

Shares of abrdn Healthcare Investors stock traded up $0.27 during midday trading on Friday, hitting $19.86. The company had a trading volume of 230,240 shares, compared to its average volume of 179,093. abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.89. The company has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $18.23.

abrdn Healthcare Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th will be paid a dividend of $0.63 per share. This is a boost from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.52 annualized dividend and a yield of 12.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of abrdn Healthcare Investors by 22.0% in the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after buying an additional 95,441 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in abrdn Healthcare Investors in the 1st quarter worth about $166,000. NewEdge Advisors LLC increased its holdings in shares of abrdn Healthcare Investors by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock worth $702,000 after buying an additional 1,274 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 788 shares during the period. Finally, RFG Advisory LLC lifted its holdings in abrdn Healthcare Investors by 8.8% in the 2nd quarter. RFG Advisory LLC now owns 14,276 shares of the financial services provider’s stock worth $221,000 after buying an additional 1,149 shares in the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.