The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Down 57.2% in July

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 5,631 shares, a decline of 57.2% from the July 15th total of 13,169 shares. Based on an average daily trading volume, of 20,610 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth about $33,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at $90,000. Closed End Fund Advisors Inc. bought a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $113,000. Finally, Private Advisor Group LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after buying an additional 4,000 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Down 0.1%

Shares of NYSE:GRX traded down $0.01 during trading on Friday, hitting $9.92. 13,953 shares of the company were exchanged, compared to its average volume of 27,145. The firm has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $9.39. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.05.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 6.9%.

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.