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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 70,500 shares, a growth of 434.1% from the December 15th total of 13,200 shares. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is currently 2.8 days.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 10,441 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average price of $10.59 per share, for a total transaction of $110,570.19. Following the acquisition, the insider now directly owns 1,857,340 shares of the company’s stock, valued at $19,669,230.60. The trade was a 0.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mario J. Gabelli bought 7,863 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $10.50 per share, for a total transaction of $82,561.50. Following the acquisition, the insider now directly owns 7,863 shares in the company, valued at approximately $82,561.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 91,476 shares of company stock valued at $922,738 in the last quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GRX. Cetera Investment Advisers boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock valued at $2,158,000 after acquiring an additional 3,020 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the second quarter valued at about $1,056,000. International Assets Investment Management LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 995.0% in the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after buying an additional 55,282 shares in the last quarter. Aviance Capital Partners LLC boosted its position in The Gabelli Healthcare & Wellness Trust by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE:GRX traded up $0.05 on Wednesday, hitting $9.69. 12,447 shares of the company were exchanged, compared to its average volume of 24,329. The company’s 50 day moving average price is $10.05 and its two-hundred day moving average price is $10.38. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.19%.

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.