Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 25,500 shares, a drop of 63.5% from the December 15th total of 69,900 shares. Based on an average trading volume of 211,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HQH. Truvestments Capital LLC bought a new stake in Abrdn Healthcare Investors during the third quarter worth $46,000. City of London Investment Management Co. Ltd. boosted its holdings in Abrdn Healthcare Investors by 155.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 41,971 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter worth $682,000. Sanctuary Advisors LLC purchased a new stake in shares of Abrdn Healthcare Investors in the second quarter valued at about $939,000. Finally, Raymond James & Associates lifted its position in shares of Abrdn Healthcare Investors by 79.8% during the third quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock valued at $6,614,000 after purchasing an additional 157,618 shares in the last quarter. 32.60% of the stock is owned by institutional investors.

Abrdn Healthcare Investors Trading Up 1.1 %

Shares of NYSE HQH traded up $0.19 during midday trading on Monday, hitting $16.79. 262,422 shares of the stock traded hands, compared to its average volume of 283,732. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79. The business has a 50 day moving average price of $17.17 and a two-hundred day moving average price of $18.06.

Abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.62 per share. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. The ex-dividend date was Thursday, November 21st. This represents a $2.48 annualized dividend and a yield of 14.77%.

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.