Abrdn Healthcare Investors (NYSE:HQH) Short Interest Up 115.0% in January

Abrdn Healthcare Investors (NYSE:HQH) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 145,100 shares, an increase of 115.0% from the January 15th total of 67,500 shares. Based on an average daily volume of 244,200 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Abrdn Healthcare Investors

A number of large investors have recently made changes to their positions in HQH. Raymond James Financial Inc. purchased a new stake in shares of Abrdn Healthcare Investors during the fourth quarter valued at $15,049,000. Penserra Capital Management LLC bought a new stake in Abrdn Healthcare Investors during the 3rd quarter valued at about $16,145,000. Raymond James & Associates boosted its position in Abrdn Healthcare Investors by 79.8% in the 3rd quarter. Raymond James & Associates now owns 355,205 shares of the financial services provider’s stock valued at $6,614,000 after buying an additional 157,618 shares during the period. Wolverine Asset Management LLC bought a new position in Abrdn Healthcare Investors in the 4th quarter worth about $2,196,000. Finally, LPL Financial LLC grew its stake in Abrdn Healthcare Investors by 65.3% in the 4th quarter. LPL Financial LLC now owns 282,020 shares of the financial services provider’s stock worth $4,526,000 after acquiring an additional 111,383 shares in the last quarter. 32.60% of the stock is owned by hedge funds and other institutional investors.

Abrdn Healthcare Investors Stock Performance

NYSE:HQH traded up $0.18 during midday trading on Thursday, hitting $17.86. 171,089 shares of the company traded hands, compared to its average volume of 226,331. The firm’s fifty day moving average is $17.08 and its 200-day moving average is $17.98. 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 issued a $0.57 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a dividend yield of 12.77%.

Abrdn Healthcare Investors Company Profile

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.