Abrdn Healthcare Investors (NYSE:HQH) Sees Large Growth in Short Interest

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 161,000 shares, an increase of 116.4% from the October 31st total of 74,400 shares. Based on an average daily volume of 140,000 shares, the days-to-cover ratio is currently 1.2 days.

Abrdn Healthcare Investors Trading Up 0.6 %

Shares of Abrdn Healthcare Investors stock traded up $0.10 during trading on Thursday, hitting $17.40. 259,423 shares of the company’s stock traded hands, compared to its average volume of 160,241. Abrdn Healthcare Investors has a 1 year low of $14.58 and a 1 year high of $19.79. The business has a 50-day simple moving average of $18.26 and a 200-day simple moving average of $18.10.

Abrdn Healthcare Investors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.25%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

Institutional Trading of Abrdn Healthcare Investors

A number of large investors have recently made changes to their positions in HQH. TD Private Client Wealth LLC bought a new position in Abrdn Healthcare Investors during the third quarter valued at approximately $66,000. Stifel Financial Corp purchased a new stake in Abrdn Healthcare Investors during the 3rd quarter valued at $188,000. Needham Investment Management LLC lifted its holdings in shares of Abrdn Healthcare Investors by 3.1% during the 3rd quarter. Needham Investment Management LLC now owns 255,078 shares of the financial services provider’s stock valued at $4,750,000 after buying an additional 7,729 shares during the period. HighTower Advisors LLC boosted its stake in shares of Abrdn Healthcare Investors by 13.8% in the 3rd quarter. HighTower Advisors LLC now owns 26,509 shares of the financial services provider’s stock worth $493,000 after buying an additional 3,220 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Abrdn Healthcare Investors in the 3rd quarter worth $261,000. 32.60% of the stock is currently owned by institutional investors.

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.