Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Increases By 434.1%

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

The Gabelli Healthcare & Wellness Trust Stock Down 0.1 %

GRX stock opened at $10.28 on Thursday. The firm has a 50-day moving average of $9.98 and a two-hundred day moving average of $10.41. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 5.84%. The ex-dividend date of this dividend was Friday, December 13th.

Insider Buying and Selling

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli purchased 3,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the completion of the transaction, the insider now owns 312,226 shares in the company, valued at $3,178,460.68. The trade was a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. acquired 14,833 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of $9.57 per share, with a total value of $141,951.81. Following the transaction, the insider now owns 1,925,867 shares in the company, valued at approximately $18,430,547.19. This represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 87,535 shares of company stock valued at $876,723 in the last three months.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of hedge funds have recently modified their holdings of GRX. Sanctuary Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at about $1,056,000. Absolute Investment Advisers LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at about $813,000. International Assets Investment Management LLC increased its position in The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after buying an additional 55,282 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $191,000. Finally, Stephens Inc. AR boosted its position in The Gabelli Healthcare & Wellness Trust by 8.6% during the fourth quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock worth $1,046,000 after purchasing an additional 8,633 shares during the period.

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.