The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Shares Shorted: Short Interest Up 48.3% in September

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 6,216 shares, a growth of 48.3% from the August 31st total of 4,191 shares. Based on an average daily trading volume, of 20,399 shares, the short-interest ratio is currently 0.3 days.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX traded down $0.07 during trading hours on Thursday, reaching $9.44. The company’s stock had a trading volume of 24,220 shares, compared to its average volume of 26,739. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.80 and a 1-year high of $10.20. The company has a 50 day moving average of $9.85 and a two-hundred day moving average of $9.42.

The Gabelli Healthcare & Wellness Trust Announces Dividend

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 dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 24,102 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $10.13 per share, with a total value of $244,153.26. Following the purchase, the insider owned 2,143,706 shares in the company, valued at approximately $21,715,741.78. The trade was a 1.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 38,351 shares of company stock worth $387,274 over the last quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $33,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter worth $90,000. Closed End Fund Advisors Inc. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $113,000. Private Advisor Group LLC increased its stake in shares of 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 worth $180,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Uhlmann Price Securities LLC raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 22.0% during the first quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after acquiring an additional 11,088 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a diversified, closed-end investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling consumer products, the trust invests in publicly traded companies involved in healthcare and wellness.

Its portfolio may include businesses across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, managed care, diagnostics, consumer health and wellness products, and related industries.