The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Large Growth in Short Interest

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 28,056 shares, a growth of 110.1% from the September 30th total of 13,356 shares. Based on an average trading volume of 13,398 shares, the days-to-cover ratio is presently 2.1 days.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. bought 2,955 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Wednesday, October 7th. The shares were purchased at an average cost of $9.43 per share, with a total value of $27,865.65. Following the acquisition, the insider directly owned 2,171,941 shares of the company’s stock, valued at $20,481,403.63. The trade was a 0.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 56,424 shares of company stock valued at $558,678.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC lifted its stake in The Gabelli Healthcare & Wellness Trust by 10.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock valued at $3,441,000 after acquiring an additional 34,122 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock valued at $3,132,000 after acquiring an additional 3,800 shares in the last quarter. Aviance Capital Partners LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 0.8% during the third quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock valued at $1,644,000 after acquiring an additional 1,405 shares in the last quarter. Private Advisor Group LLC raised its holdings 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 worth $180,000 after acquiring an additional 4,000 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 2,492 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX traded down $0.01 during midday trading on Friday, reaching $10.12. 22,528 shares of the company were exchanged, compared to its average volume of 25,436. The Gabelli Healthcare & Wellness Trust has a one year low of $8.80 and a one year high of $10.23. The company’s fifty day moving average price is $9.84 and its 200 day moving average price is $9.53.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.7%.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.

Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.