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

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 55,800 shares, an increase of 26.2% from the March 31st total of 44,200 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 201,500 shares, the short-interest ratio is currently 0.3 days.

Abrdn Healthcare Investors Stock Performance

HQH traded down $0.09 on Thursday, hitting $15.34. 101,172 shares of the company were exchanged, compared to its average volume of 186,014. The stock's fifty day moving average is $15.93 and its 200-day moving average is $16.93. Abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 21st were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 14.86%. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Investors Weigh In On Abrdn Healthcare Investors

Hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors in the 4th quarter valued at $29,000. FNY Investment Advisers LLC acquired a new position in shares of Abrdn Healthcare Investors in the fourth quarter worth approximately $48,000. Brown Brothers Harriman & Co. bought a new stake in Abrdn Healthcare Investors in the fourth quarter worth approximately $48,000. Nexus Investment Management ULC acquired a new position in shares of Abrdn Healthcare Investors during the first quarter valued at about $64,000. Finally, CoreCap Advisors LLC grew its stake in shares of Abrdn Healthcare Investors by 175.8% in the 4th quarter. CoreCap Advisors LLC now owns 7,262 shares of the financial services provider's stock worth $117,000 after acquiring an additional 4,629 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.

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.