Abrdn World Healthcare Fund (NYSE:THW) Sees Significant Decrease in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 24,996 shares, a drop of 50.8% from the July 30th total of 50,789 shares. Based on an average trading volume of 112,598 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THW. Allied Private Wealth LLC purchased a new stake in Abrdn World Healthcare Fund during the 2nd quarter worth about $27,000. Bank of America Corp DE boosted its stake in shares of Abrdn World Healthcare Fund by 4.8% in the 1st quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after buying an additional 1,595 shares during the period. Empire Financial Management Company LLC grew its position in shares of Abrdn World Healthcare Fund by 3.7% during the first quarter. Empire Financial Management Company LLC now owns 63,694 shares of the company’s stock worth $743,000 after buying an additional 2,265 shares in the last quarter. Royal Bank of Canada grew its position in shares of Abrdn World Healthcare Fund by 3.6% during the first quarter. Royal Bank of Canada now owns 462,836 shares of the company’s stock worth $5,401,000 after buying an additional 16,093 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Abrdn World Healthcare Fund by 7.1% during the first quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock worth $1,004,000 after buying an additional 5,678 shares during the period.

Abrdn World Healthcare Fund Stock Up 0.7%

NYSE:THW traded up $0.10 on Monday, reaching $14.05. 123,543 shares of the company’s stock were exchanged, compared to its average volume of 137,038. Abrdn World Healthcare Fund has a 52-week low of $11.18 and a 52-week high of $14.50. The business has a fifty day moving average of $13.54 and a 200-day moving average of $12.82.

Abrdn World Healthcare Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.1167 per share. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn World Healthcare Fund Company Profile

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.