abrdn Healthcare Investors (NYSE:HQH) Short Interest Up 77.0% in September

Key Points

• Short interest for abrdn Healthcare Investors surged by 77.0% in September, reaching a total of 233,100 shares by September 30th.
• The company recently cut its dividend, paying a quarterly dividend of $0.51, which equates to an annualized dividend of $2.04 and a dividend yield of 10.6%.
• Institutional investors hold 32.60% of the company's stock, with significant increases in holdings from various large investors in recent quarters.

abrdn Healthcare Investors (NYSE:HQH - ) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 233,100 shares, an increase of 77.0% from the September 15th total of 131,700 shares. Based on an average daily volume of 207,600 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 207,600 shares, the short-interest ratio is presently 1.1 days.

abrdn Healthcare Investors Trading Up 0.5%

Shares of NYSE:HQH traded up $0.09 during trading hours on Tuesday, reaching $19.28. The stock had a trading volume of 56,080 shares, compared to its average volume of 208,839. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.45. The firm's 50 day moving average is $17.31 and its 200-day moving average is $16.17.

abrdn Healthcare Investors Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 22nd were issued a $0.51 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.04 annualized dividend and a dividend yield of 10.6%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in shares of abrdn Healthcare Investors by 26.9% in the first quarter. Raymond James Financial Inc. now owns 1,189,633 shares of the financial services provider's stock valued at $19,320,000 after buying an additional 251,977 shares during the last quarter. Smith Asset Management Co. LLC acquired a new stake in shares of abrdn Healthcare Investors in the 1st quarter worth $1,961,000. Royal Bank of Canada lifted its stake in shares of abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider's stock worth $8,604,000 after acquiring an additional 95,441 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of abrdn Healthcare Investors by 32.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 351,359 shares of the financial services provider's stock worth $5,443,000 after acquiring an additional 86,924 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of abrdn Healthcare Investors by 8.5% in the 1st quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider's stock worth $16,378,000 after acquiring an additional 78,771 shares during the period. 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.

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