abrdn Healthcare Investors (NYSE:HQH) Short Interest Up 361.3% in February

abrdn Healthcare Investors (NYSE:HQH) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 191,363 shares, an increase of 361.3% from the January 29th total of 41,483 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 173,847 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 173,847 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On abrdn Healthcare Investors

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in abrdn Healthcare Investors by 11.5% in the 4th quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock valued at $88,705,000 after acquiring an additional 481,548 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of abrdn Healthcare Investors by 9.2% in the second quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after purchasing an additional 110,011 shares during the period. Penserra Capital Management LLC raised its stake in abrdn Healthcare Investors by 15.4% in the third quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock valued at $22,130,000 after purchasing an additional 159,618 shares in the last quarter. Royal Bank of Canada raised its stake in abrdn Healthcare Investors by 22.0% in the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after purchasing an additional 95,441 shares in the last quarter. Finally, LPL Financial LLC lifted its position in abrdn Healthcare Investors by 23.6% during the fourth quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after purchasing an additional 95,667 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Stock Down 0.3%

NYSE:HQH opened at $19.54 on Thursday. abrdn Healthcare Investors has a 52 week low of $13.77 and a 52 week high of $20.46. The firm’s 50-day simple moving average is $19.29 and its 200 day simple moving average is $18.46.

abrdn Healthcare Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be given a $0.63 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from abrdn Healthcare Investors’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.9%.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.