abrdn Healthcare Investors (NYSE:HQH) Short Interest Up 109.3% in August

Key Points

• The short interest in abrdn Healthcare Investors (NYSE:HQH) rose by 109.3% in August, increasing to 128,500 shares compared to 61,400 shares previously.
• Institutional investors own approximately 32.60% of abrdn Healthcare Investors, with notable additions from firms like Geneos Wealth Management Inc. and US Bancorp DE.
• The company announced a quarterly dividend of $0.51 per share, yielding 12.2%, with the payment scheduled for September 30th.

abrdn Healthcare Investors (NYSE:HQH - ) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 128,500 shares, an increase of 109.3% from the August 15th total of 61,400 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily volume of 203,300 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 203,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company's stock are sold short.

Institutional Investors Weigh In On abrdn Healthcare Investors

Large investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of abrdn Healthcare Investors during the second quarter valued at approximately $34,000. Costello Asset Management INC bought a new position in shares of abrdn Healthcare Investors during the first quarter valued at approximately $40,000. Geneos Wealth Management Inc. grew its stake in shares of abrdn Healthcare Investors by 9,232.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,893 shares of the financial services provider's stock valued at $45,000 after buying an additional 2,862 shares during the last quarter. Colonial Trust Advisors bought a new position in shares of abrdn Healthcare Investors during the second quarter valued at approximately $57,000. Finally, US Bancorp DE grew its stake in shares of abrdn Healthcare Investors by 192.8% during the first quarter. US Bancorp DE now owns 3,733 shares of the financial services provider's stock valued at $61,000 after buying an additional 2,458 shares during the last quarter. 32.60% of the stock is owned by institutional investors.

abrdn Healthcare Investors Stock Performance

Shares of HQH traded down $0.15 during trading hours on Friday, hitting $16.69. The stock had a trading volume of 103,418 shares, compared to its average volume of 185,767. abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.24. The stock has a fifty day moving average price of $16.17 and a 200 day moving average price of $15.91.

abrdn Healthcare Investors Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Friday, August 22nd.

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.

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