Abrdn World Healthcare Fund (NYSE:THW) Short Interest Down 80.0% in November

Abrdn World Healthcare Fund (NYSE:THW) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 23,900 shares, a decline of 80.0% from the October 31st total of 119,300 shares. Based on an average trading volume of 126,500 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

Several hedge funds have recently made changes to their positions in THW. BLB&B Advisors LLC bought a new position in shares of Abrdn World Healthcare Fund in the 3rd quarter valued at about $265,000. Adirondack Trust Co. acquired a new position in Abrdn World Healthcare Fund during the third quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new position in Abrdn World Healthcare Fund in the third quarter valued at approximately $73,000. EverSource Wealth Advisors LLC acquired a new position in shares of Abrdn World Healthcare Fund during the 2nd quarter worth approximately $72,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Abrdn World Healthcare Fund during the 2nd quarter worth approximately $221,000.

Abrdn World Healthcare Fund Stock Up 0.6 %

Shares of THW stock traded up $0.07 on Wednesday, hitting $12.07. 104,838 shares of the stock were exchanged, compared to its average volume of 115,191. Abrdn World Healthcare Fund has a fifty-two week low of $10.96 and a fifty-two week high of $13.48. The business has a 50-day moving average of $12.64 and a 200 day moving average of $12.91.

Abrdn World Healthcare Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.117 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.40 dividend on an annualized basis and a yield of 11.63%. This is an increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund Company Profile

Tekla World Healthcare 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 stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.