Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Update

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 175,006 shares, a decrease of 28.6% from the February 26th total of 245,275 shares. Based on an average trading volume of 124,222 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in THQ. StoneX Group Inc. raised its stake in Abrdn Healthcare Opportunities Fund by 8.5% in the 2nd quarter. StoneX Group Inc. now owns 13,604 shares of the company’s stock valued at $250,000 after acquiring an additional 1,066 shares during the period. Baker Avenue Asset Management LP bought a new position in Abrdn Healthcare Opportunities Fund during the second quarter worth about $184,000. Jane Street Group LLC purchased a new position in shares of Abrdn Healthcare Opportunities Fund in the second quarter worth about $406,000. Ameriprise Financial Inc. increased its stake in shares of Abrdn Healthcare Opportunities Fund by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 219,731 shares of the company’s stock worth $4,041,000 after purchasing an additional 12,244 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Abrdn Healthcare Opportunities Fund by 25.8% in the second quarter. Benjamin Edwards Inc. now owns 31,729 shares of the company’s stock valued at $583,000 after purchasing an additional 6,510 shares during the period.

Abrdn Healthcare Opportunities Fund Stock Performance

Abrdn Healthcare Opportunities Fund stock traded down $0.50 during mid-day trading on Friday, reaching $16.69. 133,545 shares of the company’s stock were exchanged, compared to its average volume of 170,670. The business’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $18.47. Abrdn Healthcare Opportunities Fund has a one year low of $15.14 and a one year high of $20.74.

Abrdn Healthcare Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 12.9%.

About Abrdn Healthcare Opportunities Fund

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.