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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 13,356 shares, a growth of 114.9% from the September 15th total of 6,216 shares. Based on an average daily trading volume, of 21,608 shares, the short-interest ratio is presently 0.6 days.

The Gabelli Healthcare & Wellness Trust Trading Up 2.6%

NYSE GRX traded up $0.25 during trading hours on Thursday, reaching $9.93. 12,110 shares of the stock traded hands, compared to its average volume of 25,977. The stock has a 50 day simple moving average of $9.82 and a two-hundred day simple moving average of $9.45. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.80 and a 1 year high of $10.20.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently disclosed 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 was Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 6.8%.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 24,102 shares of the stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $10.13 per share, for a total transaction of $244,153.26. Following the transaction, the insider owned 2,143,706 shares in the company, valued at $21,715,741.78. This represents a 1.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have acquired 54,140 shares of company stock valued at $535,820.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of GRX. Sit Investment Associates Inc. grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the fourth quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock worth $9,932,000 after purchasing an additional 197,594 shares during the last quarter. Gamco Investors INC. ET AL raised its position in The Gabelli Healthcare & Wellness Trust by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock valued at $3,132,000 after purchasing an additional 3,800 shares during the last quarter. Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after purchasing an additional 3,482 shares during the last quarter. Uhlmann Price Securities LLC raised its position in The Gabelli Healthcare & Wellness Trust by 22.0% during the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 11,088 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after buying an additional 4,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end investment company focused on long-term capital appreciation. Rather than operating healthcare businesses directly, the trust invests primarily in the equity securities of companies involved in the healthcare and wellness industries.

Its investment universe may include pharmaceutical and biotechnology companies, medical-device manufacturers, healthcare-services providers, and businesses serving broader consumer wellness markets.