Short Interest in Abrdn World Healthcare Fund (NYSE:THW) Decreases By 16.2%

Abrdn World Healthcare Fund (NYSE:THW) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 217,400 shares, a decrease of 16.2% from the February 13th total of 259,400 shares. Based on an average trading volume of 207,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elequin Capital LP bought a new position in shares of Abrdn World Healthcare Fund in the fourth quarter valued at approximately $62,000. Brown Brothers Harriman & Co. bought a new stake in Abrdn World Healthcare Fund during the fourth quarter worth approximately $66,000. GWN Securities Inc. bought a new stake in Abrdn World Healthcare Fund during the fourth quarter worth approximately $145,000. Ameriflex Group Inc. bought a new stake in Abrdn World Healthcare Fund during the fourth quarter worth approximately $158,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Abrdn World Healthcare Fund during the fourth quarter worth approximately $176,000.

Abrdn World Healthcare Fund Stock Performance

NYSE THW remained flat at $11.93 on Thursday. 8,759 shares of the company’s stock traded hands, compared to its average volume of 131,173. Abrdn World Healthcare Fund has a 1 year low of $10.91 and a 1 year high of $13.48. The firm’s 50 day simple moving average is $11.86 and its 200-day simple moving average is $12.18.

Abrdn World Healthcare Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be given a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 11.74%. The ex-dividend date of this dividend is Tuesday, March 25th.

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.