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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 16,500 shares, agrowthof117.1% from the July 15th total of 7,600 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is presently 0.7 days.

Insider Buying and Selling

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 12,924 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were acquired at an average price of $9.38 per share, with a total value of $121,227.12. Following the completion of the transaction, the insider owned 2,006,725 shares in the company, valued at approximately $18,823,080.50. This trade represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 29,850 shares of company stock worth $280,137 in the last 90 days.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 109,812 shares of the investment management company’s stock valued at $1,038,000 after buying an additional 1,632 shares during the last quarter. Golden State Wealth Management LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,622 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 1,811 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 35.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 18,273 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 4,815 shares during the last quarter. Allworth Financial LP lifted its holdings in The Gabelli Healthcare & Wellness Trust by 98,440.0% during the second quarter. Allworth Financial LP now owns 4,927 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 4,922 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 23.2% during the second quarter. Uhlmann Price Securities LLC now owns 30,498 shares of the investment management company’s stock worth $288,000 after purchasing an additional 5,748 shares during the period.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE:GRX opened at $9.32 on Tuesday. The company’s 50-day moving average is $9.37 and its 200 day moving average is $9.63. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.93 and a fifty-two week high of $11.24.

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.