Short Interest in Abrdn Healthcare Opportunities Fund (NYSE:THQ) Rises By 170.2%

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 267,200 shares, a growth of 170.2% from the July 15th total of 98,900 shares. Based on an average daily trading volume, of 129,300 shares, the short-interest ratio is currently 2.1 days.

Abrdn Healthcare Opportunities Fund Stock Performance

Shares of NYSE:THQ traded up $0.20 during trading on Thursday, reaching $21.34. The stock had a trading volume of 78,028 shares, compared to its average volume of 142,436. The business has a fifty day moving average price of $20.77 and a 200-day moving average price of $20.04. Abrdn Healthcare Opportunities Fund has a fifty-two week low of $15.29 and a fifty-two week high of $21.95.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.16 dividend on an annualized basis and a yield of 10.12%.

Institutional Trading of Abrdn Healthcare Opportunities Fund

A number of hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new position in Abrdn Healthcare Opportunities Fund in the first quarter worth $46,000. EverSource Wealth Advisors LLC acquired a new stake in Abrdn Healthcare Opportunities Fund in the second quarter worth about $86,000. SteelPeak Wealth LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund during the 2nd quarter valued at about $211,000. Aptus Capital Advisors LLC bought a new stake in Abrdn Healthcare Opportunities Fund in the 2nd quarter valued at $225,000. Finally, Jump Financial LLC bought a new position in shares of Abrdn Healthcare Opportunities Fund in the fourth quarter worth $202,000.

About Abrdn Healthcare Opportunities Fund

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.