Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Drops By 7.9%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 7,000 shares, a decrease of 7.9% from the September 30th total of 7,600 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is presently 0.3 days.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. purchased 19,481 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $10.47 per share, for a total transaction of $203,966.07. Following the completion of the transaction, the insider now owns 1,822,749 shares of the company’s stock, valued at $19,084,182.03. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders bought 73,839 shares of company stock worth $780,066.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of large investors have recently made changes to their positions in GRX. Cetera Investment Advisers boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 222,195 shares of the investment management company’s stock worth $2,275,000 after purchasing an additional 4,818 shares during the period. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the second quarter worth approximately $1,056,000. International Assets Investment Management LLC acquired a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter worth approximately $53,000. Cetera Advisors LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at approximately $2,254,000. Finally, Cornerstone Advisors LLC raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 2.3% in the 1st quarter. Cornerstone Advisors LLC now owns 318,012 shares of the investment management company’s stock valued at $3,256,000 after purchasing an additional 7,292 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE:GRX traded down $0.15 during trading on Thursday, reaching $10.25. The stock had a trading volume of 32,210 shares, compared to its average volume of 32,630. The business has a fifty day moving average price of $10.90 and a 200-day moving average price of $10.19. The Gabelli Healthcare & Wellness Trust has a 1-year low of $7.87 and a 1-year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Monday, September 16th.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.