The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Significant Drop in Short Interest

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 356 shares, a drop of 86.3% from the April 15th total of 2,594 shares. Based on an average daily trading volume, of 21,214 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently bought and sold shares of GRX. Fifth Third Bancorp purchased a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $77,000. Closed End Fund Advisors Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $113,000. Private Advisor Group LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the third quarter valued at approximately $216,000.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX traded up $0.01 on Tuesday, hitting $8.99. The company had a trading volume of 28,075 shares, compared to its average volume of 31,593. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.90 and a 52-week high of $10.05. The stock has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $9.46.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th were issued a $0.17 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.68 annualized dividend and a yield of 7.6%.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.