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

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

Institutional Investors Weigh In On Abrdn Healthcare Investors

Institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Abrdn Healthcare Investors during the third quarter worth about $46,000. Wolverine Asset Management LLC bought a new position in Abrdn Healthcare Investors during the fourth quarter worth about $2,196,000. Steward Partners Investment Advisory LLC lifted its holdings in Abrdn Healthcare Investors by 20.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,358 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 3,737 shares in the last quarter. Absolute Investment Advisers LLC bought a new stake in shares of Abrdn Healthcare Investors in the fourth quarter valued at about $1,786,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Abrdn Healthcare Investors by 63.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 54,531 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 21,212 shares in the last quarter. 32.60% of the stock is owned by institutional investors and hedge funds.

Abrdn Healthcare Investors Trading Up 1.4 %

HQH traded up $0.23 during trading on Monday, hitting $16.81. The company’s stock had a trading volume of 123,805 shares, compared to its average volume of 178,235. The firm’s 50 day moving average price is $17.34 and its two-hundred day moving average price is $17.72. Abrdn Healthcare Investors has a 12 month low of $15.76 and a 12 month high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be paid a $0.57 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a dividend yield of 13.56%.

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.