The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Significant 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 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 trading volume of 21,608 shares, the days-to-cover ratio is presently 0.6 days.

The Gabelli Healthcare & Wellness Trust Stock Up 0.1%

Shares of GRX stock traded up $0.01 on Wednesday, hitting $9.69. The company’s stock had a trading volume of 5,182 shares, compared to its average volume of 26,050. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.20. The firm’s fifty day moving average price is $9.82 and its 200-day moving average price is $9.45.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Wednesday, September 16th.

Insider Buying and Selling

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. bought 2,955 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was bought at an average cost of $9.43 per share, with a total value of $27,865.65. Following the completion of the transaction, the insider directly owned 2,171,941 shares of the company’s stock, valued at approximately $20,481,403.63. The trade was a 0.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 54,140 shares of company stock valued at $535,820 over the last ninety days.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $33,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at approximately $90,000. 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 purchasing an additional 4,000 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 22.0% in the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after purchasing an additional 11,088 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 2.1% in the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after purchasing an additional 3,482 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.