The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Update

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 13,500 shares, a growth of 23.9% from the March 15th total of 10,900 shares. Based on an average trading volume of 24,000 shares, the short-interest ratio is currently 0.6 days.

The Gabelli Healthcare & Wellness Trust Price Performance

GRX stock opened at $9.17 on Tuesday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.03 and a 12-month high of $11.24. The stock’s 50 day simple moving average is $9.85 and its 200 day simple moving average is $10.08.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Monday, March 17th.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 4,388 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $9.96 per share, with a total value of $43,704.48. Following the completion of the transaction, the insider now owns 1,937,507 shares of the company’s stock, valued at approximately $19,297,569.72. This trade represents a 0.23 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 40,895 shares of company stock worth $403,988 over the last ninety days.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently bought and sold shares of GRX. Saba Capital Management L.P. grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 3.5% during the fourth quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock valued at $18,422,000 after purchasing an additional 64,135 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 21.4% during the fourth quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock valued at $4,116,000 after acquiring an additional 75,148 shares during the period. Sit Investment Associates Inc. grew its position in shares of The Gabelli Healthcare & Wellness Trust by 83.1% during the fourth quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock worth $3,538,000 after acquiring an additional 166,619 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 10.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,299,000 after acquiring an additional 33,000 shares during the period. Finally, LPL Financial LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 252.9% during the 4th quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock valued at $2,703,000 after purchasing an additional 200,905 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.