abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 142,452 shares, a growth of 190.1% from the April 15th total of 49,111 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 123,341 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in abrdn Healthcare Investors by 11.5% during the fourth quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock worth $88,705,000 after purchasing an additional 481,548 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in abrdn Healthcare Investors by 9.2% during the second quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after purchasing an additional 110,011 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in abrdn Healthcare Investors by 15.4% during the third quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock worth $22,130,000 after purchasing an additional 159,618 shares during the last quarter. Royal Bank of Canada boosted its holdings in abrdn Healthcare Investors by 22.0% during the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after purchasing an additional 95,441 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in abrdn Healthcare Investors by 23.6% during the fourth quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after purchasing an additional 95,667 shares during the last quarter. 32.60% of the stock is currently owned by hedge funds and other institutional investors.

abrdn Healthcare Investors Stock Down 1.6%

Shares of NYSE HQH traded down $0.33 during mid-day trading on Friday, reaching $19.90. 67,037 shares of the company’s stock traded hands, compared to its average volume of 121,604. The business has a 50-day simple moving average of $18.94 and a 200 day simple moving average of $19.05. abrdn Healthcare Investors has a 1-year low of $15.09 and a 1-year high of $20.46.

abrdn Healthcare Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, May 21st will be issued a dividend of $0.61 per share. The ex-dividend date is Thursday, May 21st. This represents a $2.44 annualized dividend and a yield of 12.3%.

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.