Abrdn World Healthcare Fund (NYSE:THW) Short Interest Update

by · The Markets Daily

Abrdn World Healthcare Fund (NYSE:THW – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 177,929 shares, a growth of 85.6% from the June 30th total of 95,888 shares. Based on an average daily trading volume, of 162,959 shares, the short-interest ratio is presently 1.1 days.

Abrdn World Healthcare Fund Stock Down 0.6%

Shares of THW stock traded down $0.07 during midday trading on Thursday, reaching $13.15. 61,772 shares of the company were exchanged, compared to its average volume of 138,928. The company’s 50 day moving average price is $12.97 and its two-hundred day moving average price is $12.64. Abrdn World Healthcare Fund has a 12 month low of $10.60 and a 12 month high of $13.79.

Abrdn World Healthcare Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be issued a dividend of $0.1167 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a yield of 10.6%.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new stake in shares of Abrdn World Healthcare Fund in the second quarter valued at $27,000. Advisory Services Network LLC acquired a new position in Abrdn World Healthcare Fund during the third quarter worth about $43,000. B. Riley Wealth Advisors Inc. bought a new stake in Abrdn World Healthcare Fund in the second quarter worth about $113,000. Mercer Global Advisors Inc. ADV bought a new stake in Abrdn World Healthcare Fund in the fourth quarter worth about $157,000. Finally, HighTower Advisors LLC bought a new stake in Abrdn World Healthcare Fund in the fourth quarter worth about $168,000.

About Abrdn World Healthcare Fund

(Get Free Report)

Abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment company that provides investors with diversified exposure to the global healthcare sector. Listed on the New York Stock Exchange, the fund seeks to deliver long-term capital appreciation by investing primarily in equity securities of companies engaged in pharmaceuticals, biotechnology, medical devices, healthcare services and related industries. Managed by the global healthcare equity team at Abrdn plc, the fund leverages the firm’s deep sector expertise and research capabilities to identify innovative businesses and established market leaders in both developed and emerging markets.

The fund’s portfolio spans a broad range of healthcare subsectors, including drug developers, medical equipment manufacturers, health insurers and providers of diagnostics and digital health solutions.

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