Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 74,400 shares, a growth of 11.0% from the October 15th total of 67,000 shares. Based on an average daily trading volume, of 127,100 shares, the short-interest ratio is currently 0.6 days.

Abrdn Healthcare Investors Price Performance

NYSE HQH traded up $0.52 during mid-day trading on Monday, reaching $17.60. 319,862 shares of the stock were exchanged, compared to its average volume of 158,140. Abrdn Healthcare Investors has a one year low of $14.58 and a one year high of $19.79. The stock has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $18.08.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, November 21st. This is a boost from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 14.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HQH. Truvestments Capital LLC purchased a new stake in shares of Abrdn Healthcare Investors in the 3rd quarter valued at $46,000. Northwest Investment Counselors LLC bought a new position in shares of Abrdn Healthcare Investors in the 3rd quarter worth about $57,000. TD Private Client Wealth LLC bought a new position in shares of Abrdn Healthcare Investors in the 3rd quarter worth about $66,000. EverSource Wealth Advisors LLC purchased a new stake in Abrdn Healthcare Investors during the 2nd quarter valued at about $93,000. Finally, Rothschild Investment LLC purchased a new stake in Abrdn Healthcare Investors during the 2nd quarter valued at about $101,000. 32.60% of the stock is currently owned by hedge funds and other 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.