Abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 26.0% in March

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 44,200 shares, a drop of 26.0% from the March 15th total of 59,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 209,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Abrdn Healthcare Investors

Several hedge funds have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in Abrdn Healthcare Investors in the fourth quarter worth $48,000. Brown Brothers Harriman & Co. purchased a new position in shares of Abrdn Healthcare Investors during the 4th quarter valued at $48,000. Nexus Investment Management ULC purchased a new position in shares of Abrdn Healthcare Investors during the 1st quarter valued at $64,000. Finally, CoreCap Advisors LLC grew its stake in shares of Abrdn Healthcare Investors by 175.8% during 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 during the period. Institutional investors own 32.60% of the company's stock.

Abrdn Healthcare Investors Stock Up 2.5 %

NYSE:HQH traded up $0.39 during trading on Wednesday, reaching $15.77. The company's stock had a trading volume of 238,171 shares, compared to its average volume of 184,859. Abrdn Healthcare Investors has a 12 month low of $13.77 and a 12 month high of $19.79. The firm has a 50 day moving average of $16.25 and a 200-day moving average of $17.10.

Abrdn Healthcare Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 21st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 14.46%.

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.