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

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 40,137 shares, an increase of 337.2% from the August 31st total of 9,180 shares. Based on an average daily volume of 84,689 shares, the short-interest ratio is presently 0.5 days.

Abrdn World Healthcare Fund Trading Down 0.7%

Shares of NYSE:THW traded down $0.10 during midday trading on Friday, reaching $13.22. 97,964 shares of the company’s stock traded hands, compared to its average volume of 132,895. Abrdn World Healthcare Fund has a one year low of $11.18 and a one year high of $14.50. The stock has a 50 day moving average of $13.69 and a 200 day moving average of $12.97.

Abrdn World Healthcare Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.12 dividend. This is a positive change from Abrdn World Healthcare Fund’s previous monthly dividend of $0.1167. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 10.9%.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several hedge funds and other institutional investors have recently bought and sold shares of THW. Janney Montgomery Scott LLC grew its stake in shares of Abrdn World Healthcare Fund by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 257,753 shares of the company’s stock worth $3,008,000 after acquiring an additional 23,487 shares during the period. Royal Bank of Canada raised its holdings 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 valued at $5,401,000 after purchasing an additional 16,093 shares during the last quarter. Wealth Effects LLC lifted its position in Abrdn World Healthcare Fund by 32.3% during the first quarter. Wealth Effects LLC now owns 40,095 shares of the company’s stock valued at $468,000 after purchasing an additional 9,795 shares during the period. Cetera Investment Advisers boosted its holdings in Abrdn World Healthcare Fund by 7.1% in the first quarter. Cetera Investment Advisers now owns 85,998 shares of the company’s stock worth $1,004,000 after purchasing an additional 5,678 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Abrdn World Healthcare Fund by 1.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 232,735 shares of the company’s stock worth $2,974,000 after purchasing an additional 4,120 shares during the last quarter.

About Abrdn World Healthcare Fund

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company managed by abrdn Inc The fund seeks to provide total return through a combination of current income and long-term capital appreciation by investing primarily in companies involved in the global healthcare industry.

Its portfolio may include pharmaceutical and biotechnology companies, medical device and equipment manufacturers, healthcare services providers, life sciences businesses, and other firms supporting healthcare delivery and research.