Short Interest in abrdn Healthcare Investors (NYSE:HQH) Drops By 25.4%

Key Points

• Short interest in abrdn Healthcare Investors dropped by 25.4% in August, totaling 61,400 shares compared to 82,300 in July.
• The company has announced a quarterly dividend of $0.51, yielding 12.1%, with the ex-dividend date set for August 22nd.
• Institutional investors now own 32.60% of abrdn Healthcare Investors' stock, indicating significant interest from large investors in recent quarters.

abrdn Healthcare Investors (NYSE:HQH - ) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 61,400 shares, adecreaseof25.4% from the July 31st total of 82,300 shares. Based on an average daily trading volume, of 209,900 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 209,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HQH. Cambridge Investment Research Advisors Inc. lifted its holdings in abrdn Healthcare Investors by 18.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,775 shares of the financial services provider's stock worth $1,361,000 after acquiring an additional 13,147 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of abrdn Healthcare Investors in the first quarter valued at $189,000. Ameriprise Financial Inc. raised its stake in shares of abrdn Healthcare Investors by 10.4% in the fourth quarter. Ameriprise Financial Inc. now owns 287,607 shares of the financial services provider's stock valued at $4,616,000 after buying an additional 27,043 shares during the period. Baird Financial Group Inc. raised its stake in shares of abrdn Healthcare Investors by 45.2% in the fourth quarter. Baird Financial Group Inc. now owns 97,843 shares of the financial services provider's stock valued at $1,570,000 after buying an additional 30,451 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of abrdn Healthcare Investors by 33.0% in the first quarter. IFP Advisors Inc now owns 12,099 shares of the financial services provider's stock valued at $196,000 after buying an additional 3,000 shares during the period. Institutional investors own 32.60% of the company's stock.

abrdn Healthcare Investors Trading Down 0.7%

NYSE HQH traded down $0.12 during trading hours on Monday, hitting $16.82. 123,723 shares of the company's stock were exchanged, compared to its average volume of 204,528. The stock has a 50-day simple moving average of $16.10 and a 200 day simple moving average of $15.92. abrdn Healthcare Investors has a 1-year low of $13.77 and a 1-year high of $19.24.

abrdn Healthcare Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 22nd will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend 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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