Abrdn Healthcare Investors (NYSE:HQH) Short Interest Update

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) was the target of a significant increase in short interest during 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 trading volume, of 244,200 shares, the short-interest ratio is presently 0.6 days.

Abrdn Healthcare Investors Stock Up 0.3 %

Shares of NYSE:HQH traded up $0.05 during midday trading on Monday, reaching $17.95. The company had a trading volume of 144,243 shares, compared to its average volume of 208,070. The stock's fifty day moving average price is $17.10 and its 200-day moving average price is $17.96. Abrdn Healthcare Investors has a one year low of $15.76 and a one year high of $19.79.

Abrdn Healthcare Investors Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 21st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, February 21st. This represents a $2.28 annualized dividend and a yield of 12.70%.

Institutional Trading of Abrdn Healthcare Investors

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC grew its position in shares of Abrdn Healthcare Investors by 3.1% during the third quarter. Ashton Thomas Securities LLC now owns 25,121 shares of the financial services provider's stock worth $468,000 after acquiring an additional 754 shares during the last quarter. Comerica Bank lifted its holdings in Abrdn Healthcare Investors by 17.3% in the fourth quarter. Comerica Bank now owns 7,504 shares of the financial services provider's stock worth $120,000 after purchasing an additional 1,105 shares during the period. Truist Financial Corp lifted its holdings in Abrdn Healthcare Investors by 11.9% in the second quarter. Truist Financial Corp now owns 12,730 shares of the financial services provider's stock worth $222,000 after purchasing an additional 1,355 shares during the period. Private Advisor Group LLC lifted its holdings in Abrdn Healthcare Investors by 3.6% in the third quarter. Private Advisor Group LLC now owns 38,804 shares of the financial services provider's stock worth $723,000 after purchasing an additional 1,356 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in Abrdn Healthcare Investors by 7.2% in the 4th quarter. Atomi Financial Group Inc. now owns 24,920 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 1,680 shares during the last quarter. Institutional investors own 32.60% of the company's stock.

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.