Tekla World Healthcare Fund (NYSE:THW – Get Rating) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 125,800 shares, a decrease of 20.0% from the October 15th total of 157,300 shares. Based on an average daily volume of 100,200 shares, the days-to-cover ratio is presently 1.3 days.
Tekla World Healthcare Fund Stock Down 0.7 %
Shares of THW opened at $14.20 on Monday. The stock has a 50 day moving average price of $13.58 and a 200 day moving average price of $14.56. Tekla World Healthcare Fund has a 52-week low of $12.51 and a 52-week high of $16.94.
Get Tekla World Healthcare Fund alerts:Tekla World Healthcare Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 21st will be issued a $0.1167 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date of this dividend is Friday, November 18th.
Hedge Funds Weigh In On Tekla World Healthcare Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its stake in Tekla World Healthcare Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 29,992 shares of the company's stock valued at $432,000 after purchasing an additional 935 shares during the period. All Season Financial Advisors Inc. purchased a new stake in Tekla World Healthcare Fund during the 2nd quarter valued at approximately $349,000. Cambridge Investment Research Advisors Inc. lifted its position in Tekla World Healthcare Fund by 12.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 99,789 shares of the company's stock worth $1,520,000 after acquiring an additional 11,198 shares during the period. Tradition Wealth Management LLC increased its holdings in shares of Tekla World Healthcare Fund by 34.9% in the first quarter. Tradition Wealth Management LLC now owns 9,896 shares of the company's stock valued at $151,000 after purchasing an additional 2,559 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in shares of Tekla World Healthcare Fund by 4.4% during the first quarter. Advisor Group Holdings Inc. now owns 154,086 shares of the company's stock worth $2,347,000 after purchasing an additional 6,511 shares during the last quarter.About Tekla World Healthcare Fund
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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.
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