Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 74,400 shares, a growth of 11.0% from the October 15th total of 67,000 shares. Based on an average daily volume of 127,100 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Investors

A number of institutional investors have recently made changes to their positions in HQH. Ashton Thomas Securities LLC boosted its holdings in Abrdn Healthcare Investors by 3.1% during the third quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 754 shares in the last quarter. Private Advisor Group LLC raised its position in Abrdn Healthcare Investors by 3.1% in the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 1,140 shares during the last quarter. Sage Capital Advisors llc raised its position in shares of Abrdn Healthcare Investors by 4.7% during the 3rd quarter. Sage Capital Advisors llc now owns 28,733 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 1,289 shares during the last quarter. Truist Financial Corp raised its position in shares of Abrdn Healthcare Investors by 11.9% during the 2nd quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Abrdn Healthcare Investors by 0.9% in the 2nd quarter. Raymond James & Associates now owns 197,587 shares of the financial services provider’s stock valued at $3,450,000 after buying an additional 1,847 shares during the period. 32.60% of the stock is currently owned by institutional investors.

Abrdn Healthcare Investors Price Performance

Shares of NYSE:HQH traded up $0.52 on Monday, reaching $17.60. 319,862 shares of the company traded hands, compared to its average volume of 158,140. The company’s 50 day moving average is $18.49 and its 200-day moving average is $18.08. Abrdn Healthcare Investors has a fifty-two week low of $14.58 and a fifty-two week high of $19.79.

Abrdn Healthcare Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This is a positive change from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 14.09%. The ex-dividend date is Thursday, November 21st.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.