Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Down 57.7% in July

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 64,134 shares, a drop of 57.7% from the July 15th total of 151,508 shares. Based on an average trading volume of 234,157 shares, the days-to-cover ratio is currently 0.3 days.

Abrdn Healthcare Opportunities Fund Trading Down 0.4%

Shares of THQ traded down $0.07 during mid-day trading on Friday, reaching $19.45. 147,629 shares of the stock traded hands, compared to its average volume of 176,483. The stock has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $18.49. Abrdn Healthcare Opportunities Fund has a 12-month low of $16.28 and a 12-month high of $20.39.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in Abrdn Healthcare Opportunities Fund by 216.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,224 shares of the company’s stock valued at $81,000 after buying an additional 2,891 shares during the last quarter. Comerica Bank increased its position in shares of Abrdn Healthcare Opportunities Fund by 30.3% during the third quarter. Comerica Bank now owns 11,244 shares of the company’s stock worth $194,000 after acquiring an additional 2,613 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Abrdn Healthcare Opportunities Fund during the second quarter worth about $208,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the first quarter worth about $228,000. Finally, Fifth Third Bancorp acquired a new position in shares of Abrdn Healthcare Opportunities Fund in the first quarter worth about $232,000.

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.