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

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 9,180 shares, a decline of 63.3% from the August 15th total of 24,996 shares. Based on an average daily volume of 131,330 shares, the days-to-cover ratio is presently 0.1 days.

Abrdn World Healthcare Fund Stock Down 1.2%

Shares of THW traded down $0.17 during midday trading on Tuesday, hitting $13.45. 51,733 shares of the company traded hands, compared to its average volume of 133,776. The firm has a 50 day moving average of $13.68 and a 200-day moving average of $12.91. Abrdn World Healthcare Fund has a 52 week low of $11.18 and a 52 week high of $14.50.

Abrdn World Healthcare Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a boost from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Trading of Abrdn World Healthcare Fund

Hedge funds have recently modified their holdings of the company. Triumph Capital Management grew its holdings in shares of Abrdn World Healthcare Fund by 3.7% in the second quarter. Triumph Capital Management now owns 31,558 shares of the company’s stock valued at $423,000 after purchasing an additional 1,128 shares in the last quarter. Allied Private Wealth LLC bought a new position in Abrdn World Healthcare Fund during the second quarter valued at $27,000. Bank of America Corp DE lifted its position in Abrdn World Healthcare Fund by 4.8% during the first quarter. Bank of America Corp DE now owns 34,834 shares of the company’s stock valued at $407,000 after purchasing an additional 1,595 shares during the last quarter. Empire Financial Management Company LLC grew its stake in shares of Abrdn World Healthcare Fund by 3.7% in the 1st 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. Finally, Royal Bank of Canada grew its stake in shares of Abrdn World Healthcare Fund by 3.6% in the 1st 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.

About Abrdn World Healthcare Fund

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.