Abrdn World Healthcare Fund (NYSE:THW) Sees Large Increase in Short Interest

Abrdn World Healthcare Fund (NYSE:THW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 95,000 shares, a growth of 59.1% from the December 31st total of 59,700 shares. Based on an average daily volume of 220,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Abrdn World Healthcare Fund

Several large investors have recently modified their holdings of the stock. Adirondack Trust Co. bought a new stake in Abrdn World Healthcare Fund in the third quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new position in Abrdn World Healthcare Fund during the 3rd quarter valued at about $73,000. Kingswood Wealth Advisors LLC acquired a new position in Abrdn World Healthcare Fund in the fourth quarter valued at about $176,000. Empire Financial Management Company LLC acquired a new stake in shares of Abrdn World Healthcare Fund during the third quarter worth approximately $262,000. Finally, BLB&B Advisors LLC acquired a new stake in shares of Abrdn World Healthcare Fund during the third quarter worth approximately $265,000.

Abrdn World Healthcare Fund Stock Performance

Shares of NYSE THW traded up $0.11 during trading hours on Friday, reaching $12.09. The stock had a trading volume of 106,597 shares, compared to its average volume of 274,829. Abrdn World Healthcare Fund has a twelve month low of $10.91 and a twelve month high of $13.48. The business’s fifty day moving average is $11.59 and its two-hundred day moving average is $12.46.

Abrdn World Healthcare Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a $0.1167 dividend. This represents a $1.40 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend is Friday, January 24th.

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.