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 the month of May. As of May 15th, there was short interest totaling 6,531 shares, a growth of 1,734.6% from the April 30th total of 356 shares. Based on an average daily volume of 20,856 shares, the short-interest ratio is currently 0.3 days.

The Gabelli Healthcare & Wellness Trust Trading Down 0.4%

NYSE GRX traded down $0.04 on Friday, reaching $9.05. 22,675 shares of the company’s stock traded hands, compared to its average volume of 30,025. The stock has a 50 day moving average price of $9.10 and a 200-day moving average price of $9.44. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.90 and a fifty-two week high of $10.05.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at $33,000. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at $90,000. Closed End Fund Advisors Inc. purchased a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $113,000. Finally, Private Advisor Group LLC increased its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after buying an additional 4,000 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.