Short Interest in Abrdn Healthcare Investors (NYSE:HQH) Rises By 82.0%

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 64,800 shares, a growth of 82.0% from the April 30th total of 35,600 shares. Based on an average daily volume of 211,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's shares are short sold.

Abrdn Healthcare Investors Price Performance

HQH stock traded up $0.09 during mid-day trading on Wednesday, reaching $15.52. 168,103 shares of the stock traded hands, compared to its average volume of 192,633. Abrdn Healthcare Investors has a 52-week low of $13.77 and a 52-week high of $19.79. The stock's fifty day moving average is $15.44 and its 200-day moving average is $16.55.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 13.92%. The ex-dividend date is Thursday, May 22nd. This is an increase from Abrdn Healthcare Investors's previous quarterly dividend of $0.50.

Hedge Funds Weigh In On Abrdn Healthcare Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at $29,000. Costello Asset Management INC acquired a new position in Abrdn Healthcare Investors during the first quarter valued at $40,000. Brown Brothers Harriman & Co. purchased a new stake in Abrdn Healthcare Investors in the 4th quarter worth about $48,000. US Bancorp DE boosted its position in Abrdn Healthcare Investors by 192.8% during the 1st quarter. US Bancorp DE now owns 3,733 shares of the financial services provider's stock worth $61,000 after acquiring an additional 2,458 shares during the period. Finally, Nexus Investment Management ULC purchased a new position in Abrdn Healthcare Investors during the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 32.60% of the company's stock.

Abrdn Healthcare Investors Company Profile

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.