Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) was the target of a large drop in short interest in 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. Based on an average daily volume of 238,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.
Abrdn Healthcare Investors Stock Down 0.2 %
Shares of HQH stock traded down $0.03 during trading on Wednesday, hitting $16.68. 141,720 shares of the stock traded hands, compared to its average volume of 177,848. The firm's fifty day moving average price is $17.34 and its 200-day moving average price is $17.69. Abrdn Healthcare Investors has a 52-week low of $15.76 and a 52-week high of $19.79.
Abrdn Healthcare Investors Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 21st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 13.67%. The ex-dividend date is Friday, February 21st.
Institutional Trading of Abrdn Healthcare Investors
Institutional investors have recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of Abrdn Healthcare Investors during the 4th quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at approximately $46,000. FNY Investment Advisers LLC acquired a new stake in Abrdn Healthcare Investors in the 4th quarter valued at approximately $48,000. Brown Brothers Harriman & Co. acquired a new stake in Abrdn Healthcare Investors in the 4th quarter valued at approximately $48,000. Finally, TD Private Client Wealth LLC acquired a new stake in Abrdn Healthcare Investors in the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 32.60% of the company's stock.
Abrdn Healthcare Investors Company Profile
(
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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.
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