The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Shorted: Short Interest Up 110.1% in October

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 daily volume of 13,398 shares, the short-interest ratio is currently 2.1 days.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 2,955 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average cost of $9.43 per share, for a total transaction 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. This trade represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 56,424 shares of company stock worth $558,678.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 0.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock worth $1,644,000 after purchasing an additional 1,405 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% during the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock worth $124,000 after purchasing an additional 2,492 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter worth about $33,000. Gamco Investors INC. ET AL lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after purchasing an additional 4,000 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX traded down $0.01 during trading on Friday, reaching $10.12. The company’s stock had a trading volume of 22,528 shares, compared to its average volume of 25,436. The company has a fifty day moving average of $9.84 and a two-hundred day moving average of $9.53. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.23.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

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.