Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Rises By 419.4%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 10,757 shares, a growth of 419.4% from the June 15th total of 2,071 shares. Based on an average trading volume of 29,259 shares, the short-interest ratio is currently 0.4 days.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE GRX traded down $0.04 during mid-day trading on Monday, hitting $9.56. The company had a trading volume of 8,610 shares, compared to its average volume of 28,753. The Gabelli Healthcare & Wellness Trust has a 1 year low of $8.80 and a 1 year high of $10.05. The stock’s 50-day moving average price is $9.15 and its 200-day moving average price is $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in The Gabelli Healthcare & Wellness Trust during the first quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $90,000. Closed End Fund Advisors Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter worth approximately $113,000. Finally, Private Advisor Group LLC boosted its holdings in 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 purchasing an additional 4,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

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.