Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Down 53.5% in January

Abrdn Healthcare Opportunities Fund (NYSE:THQ) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 45,000 shares, a decrease of 53.5% from the December 31st total of 96,700 shares. Based on an average trading volume of 176,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

Several large investors have recently added to or reduced their stakes in THQ. Leavell Investment Management Inc. raised its stake in Abrdn Healthcare Opportunities Fund by 9.3% in the fourth quarter. Leavell Investment Management Inc. now owns 11,731 shares of the company’s stock valued at $223,000 after purchasing an additional 1,000 shares in the last quarter. Calamos Advisors LLC grew its position in Abrdn Healthcare Opportunities Fund by 2.5% in the fourth quarter. Calamos Advisors LLC now owns 26,108 shares of the company’s stock worth $493,000 after acquiring an additional 636 shares in the last quarter. PFG Investments LLC increased its stake in Abrdn Healthcare Opportunities Fund by 3.7% in the fourth quarter. PFG Investments LLC now owns 19,808 shares of the company’s stock valued at $374,000 after acquiring an additional 706 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Abrdn Healthcare Opportunities Fund during the fourth quarter worth about $885,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Abrdn Healthcare Opportunities Fund by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 31,661 shares of the company’s stock worth $597,000 after purchasing an additional 1,382 shares in the last quarter.

Abrdn Healthcare Opportunities Fund Stock Up 2.3 %

Abrdn Healthcare Opportunities Fund stock traded up $0.47 during mid-day trading on Thursday, reaching $21.16. The company’s stock had a trading volume of 50,209 shares, compared to its average volume of 210,068. The firm’s fifty day moving average price is $19.74 and its two-hundred day moving average price is $20.85. Abrdn Healthcare Opportunities Fund has a 12-month low of $18.16 and a 12-month high of $22.60.

Abrdn Healthcare Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, January 24th. This represents a $2.16 annualized dividend and a yield of 10.21%.

Abrdn Healthcare Opportunities Fund Company Profile

Tekla Healthcare Opportunities Fund is a closed ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating in the healthcare sector. The fund also invests in pooled investment vehicles.