The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Update

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 6,531 shares, a growth of 1,734.6% from the April 30th total of 356 shares. Based on an average daily trading volume, of 20,856 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $33,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at about $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $90,000. Closed End Fund Advisors Inc. purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at about $113,000. Finally, Private Advisor Group LLC increased its position 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 purchasing an additional 4,000 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Trading Up 0.1%

Shares of The Gabelli Healthcare & Wellness Trust stock traded up $0.01 during trading on Wednesday, hitting $9.04. 9,837 shares of the company’s stock traded hands, compared to its average volume of 30,247. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.90 and a 1 year high of $10.05. The business has a 50-day simple moving average of $9.10 and a 200-day simple moving average of $9.44.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, June 15th.

The Gabelli Healthcare & Wellness Trust Company Profile

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.