Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 217,400 shares, a drop of 16.2% from the February 13th total of 259,400 shares. Based on an average daily volume of 207,000 shares, the short-interest ratio is presently 1.1 days.
Institutional Investors Weigh In On Abrdn World Healthcare Fund
Large investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC boosted its position in Abrdn World Healthcare Fund by 1,065.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 240,029 shares of the company’s stock worth $2,643,000 after purchasing an additional 219,428 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Abrdn World Healthcare Fund during the 4th quarter valued at approximately $1,746,000. Wolverine Asset Management LLC bought a new position in Abrdn World Healthcare Fund in the 4th quarter worth approximately $1,612,000. Landscape Capital Management L.L.C. bought a new stake in Abrdn World Healthcare Fund during the 4th quarter valued at $1,052,000. Finally, Almitas Capital LLC bought a new stake in Abrdn World Healthcare Fund during the 4th quarter valued at $381,000.
Abrdn World Healthcare Fund Price Performance
Abrdn World Healthcare Fund stock traded up $0.02 during trading on Tuesday, hitting $11.87. The stock had a trading volume of 29,506 shares, compared to its average volume of 131,122. The stock’s 50 day moving average is $11.84 and its two-hundred day moving average is $12.19. Abrdn World Healthcare Fund has a 1 year low of $10.91 and a 1 year high of $13.48.
Abrdn World Healthcare Fund Announces Dividend
Abrdn World Healthcare Fund Company Profile
Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.
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