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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 70,500 shares, a growth of 434.1% from the December 15th total of 13,200 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 2.8 days.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE GRX traded up $0.07 on Monday, hitting $9.62. The stock had a trading volume of 28,227 shares, compared to its average volume of 22,861. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.21 and a 52-week high of $11.24. The business’s fifty day moving average price is $10.08 and its 200 day moving average price is $10.38.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.24%. The ex-dividend date was Friday, December 13th.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 3,448 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $10.33 per share, with a total value of $35,617.84. Following the completion of the acquisition, the insider now directly owns 1,860,788 shares in the company, valued at $19,221,940.04. This represents a 0.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mario J. Gabelli bought 4,000 shares of the stock in a transaction on Monday, December 30th. The shares were bought at an average price of $9.80 per share, with a total value of $39,200.00. Following the acquisition, the insider now owns 229,872 shares of the company’s stock, valued at $2,252,745.60. This trade represents a 1.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 76,643 shares of company stock worth $780,787 in the last ninety days.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $72,000. Capstone Investment Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000. International Assets Investment Management LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter worth about $1,056,000. Finally, Aviance Capital Partners LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares during the last quarter.

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.