The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Shorted: Short Interest Up 114.9% in September

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,356 shares, an increase of 114.9% from the September 15th total of 6,216 shares. Based on an average trading volume of 21,608 shares, the days-to-cover ratio is currently 0.6 days.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE:GRX traded up $0.04 during midday trading on Tuesday, reaching $9.65. The company’s stock had a trading volume of 1,078 shares, compared to its average volume of 26,139. The business’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.44. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.20.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 7.0%. The ex-dividend date was Wednesday, September 16th.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 2,955 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average price of $9.43 per share, for a total transaction of $27,865.65. Following the transaction, the insider directly owned 2,171,941 shares of the company’s stock, valued at $20,481,403.63. This trade represents a 0.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have bought 54,140 shares of company stock valued at $535,820.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRX. Aviance Capital Partners LLC boosted its stake in The Gabelli Healthcare & Wellness Trust by 2.1% in the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after acquiring an additional 3,482 shares during the last quarter. Fifth Third Bancorp acquired a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at about $33,000. Gamco Investors INC. ET AL boosted its holdings in The Gabelli Healthcare & Wellness Trust by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after buying an additional 3,800 shares during the last quarter. Private Advisor Group LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 4,000 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $90,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end investment company focused on long-term capital appreciation. Rather than operating healthcare businesses directly, the trust invests primarily in the equity securities of companies involved in the healthcare and wellness industries.

Its investment universe may include pharmaceutical and biotechnology companies, medical-device manufacturers, healthcare-services providers, and businesses serving broader consumer wellness markets.