Abrdn Healthcare Investors (NYSE:HQH) Short Interest Down 36.7% in February

Abrdn Healthcare Investors (NYSE:HQH) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 92,300 shares, a decline of 36.7% from the February 13th total of 145,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 238,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Abrdn Healthcare Investors

Hedge funds and other institutional investors have recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in Abrdn Healthcare Investors during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in Abrdn Healthcare Investors during the third quarter worth $46,000. FNY Investment Advisers LLC bought a new stake in Abrdn Healthcare Investors during the fourth quarter worth $48,000. Brown Brothers Harriman & Co. bought a new position in Abrdn Healthcare Investors in the 4th quarter valued at $48,000. Finally, TD Private Client Wealth LLC bought a new position in Abrdn Healthcare Investors in the 3rd quarter valued at $66,000. Institutional investors own 32.60% of the company’s stock.

Abrdn Healthcare Investors Price Performance

Shares of Abrdn Healthcare Investors stock remained flat at $16.55 during midday trading on Friday. The company had a trading volume of 169,442 shares, compared to its average volume of 214,611. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79. The stock’s fifty day moving average is $17.34 and its two-hundred day moving average is $17.73.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 13.78%. The ex-dividend date is Friday, February 21st.

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.