Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 24,800 shares, a growth of 69.9% from the March 31st total of 14,600 shares. Based on an average trading volume of 161,300 shares, the days-to-cover ratio is presently 0.2 days.

Abrdn Healthcare Investors Stock Performance

NYSE HQH traded up $0.03 on Friday, hitting $16.08. 84,277 shares of the stock were exchanged, compared to its average volume of 144,996. The business's fifty day moving average is $16.61 and its 200 day moving average is $16.24. Abrdn Healthcare Investors has a 52 week low of $14.31 and a 52 week high of $17.66.

Abrdn Healthcare Investors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.48 per share. This is a positive change from Abrdn Healthcare Investors's previous quarterly dividend of $0.38. This represents a $1.92 annualized dividend and a yield of 11.94%. The ex-dividend date was Wednesday, February 21st.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Several large investors have recently modified their holdings of HQH. Cornerstone Advisors LLC raised its position in shares of Abrdn Healthcare Investors by 66.7% in the fourth quarter. Cornerstone Advisors LLC now owns 732,299 shares of the financial services provider's stock valued at $12,134,000 after purchasing an additional 292,920 shares during the period. AQR Arbitrage LLC raised its position in shares of Abrdn Healthcare Investors by 125.7% in the third quarter. AQR Arbitrage LLC now owns 319,150 shares of the financial services provider's stock valued at $4,963,000 after purchasing an additional 177,748 shares during the period. Saba Capital Management L.P. raised its position in shares of Abrdn Healthcare Investors by 131.3% in the third quarter. Saba Capital Management L.P. now owns 296,637 shares of the financial services provider's stock valued at $4,613,000 after purchasing an additional 168,402 shares during the period. RPO LLC raised its position in shares of Abrdn Healthcare Investors by 47.3% in the third quarter. RPO LLC now owns 376,791 shares of the financial services provider's stock valued at $5,859,000 after purchasing an additional 121,018 shares during the period. Finally, Clough Capital Partners L P acquired a new position in shares of Abrdn Healthcare Investors in the third quarter valued at about $1,596,000. 32.60% of the stock is owned by 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.