Abrdn Healthcare Opportunities Fund (NYSE:THQ) Short Interest Up 174.9% in April

Abrdn Healthcare Opportunities Fund (NYSE:THQ) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 239,429 shares, an increase of 174.9% from the April 15th total of 87,087 shares. Based on an average daily volume of 144,876 shares, the days-to-cover ratio is currently 1.7 days.

Abrdn Healthcare Opportunities Fund Stock Down 1.0%

NYSE:THQ opened at $18.07 on Friday. Abrdn Healthcare Opportunities Fund has a fifty-two week low of $15.14 and a fifty-two week high of $20.39. The firm’s fifty day simple moving average is $17.85 and its 200-day simple moving average is $18.54.

Abrdn Healthcare Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Thursday, May 21st.

Institutional Investors Weigh In On Abrdn Healthcare Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stolper Co grew its holdings in Abrdn Healthcare Opportunities Fund by 1.4% in the fourth quarter. Stolper Co now owns 37,732 shares of the company’s stock valued at $722,000 after purchasing an additional 539 shares during the last quarter. Next Level Private LLC grew its holdings in Abrdn Healthcare Opportunities Fund by 47.8% in the fourth quarter. Next Level Private LLC now owns 62,157 shares of the company’s stock valued at $1,189,000 after purchasing an additional 20,113 shares during the last quarter. PMG Family Office LLC acquired a new stake in Abrdn Healthcare Opportunities Fund in the third quarter valued at $628,000. Triumph Capital Management grew its holdings in Abrdn Healthcare Opportunities Fund by 22.3% in the third quarter. Triumph Capital Management now owns 27,990 shares of the company’s stock valued at $484,000 after purchasing an additional 5,097 shares during the last quarter. Finally, Heron Bay Capital Management grew its holdings in Abrdn Healthcare Opportunities Fund by 7.6% in the third quarter. Heron Bay Capital Management now owns 491,284 shares of the company’s stock valued at $8,494,000 after purchasing an additional 34,724 shares during the last quarter.

Abrdn Healthcare Opportunities Fund Company Profile

Abrdn Healthcare Opportunities Fund (NYSE: THQ) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund invests primarily in equity and debt securities issued by companies across the healthcare industry, including pharmaceuticals, biotechnology, medical devices, healthcare services and health insurance. It trades on the New York Stock Exchange under the symbol THQ.

With a sector-focused approach, the fund’s portfolio is weighted toward companies demonstrating strong growth potential, resilient cash flows and innovative product pipelines.