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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 5,631 shares, a decrease of 57.2% from the July 15th total of 13,169 shares. Based on an average daily trading volume, of 20,610 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in The Gabelli Healthcare & Wellness Trust in the 1st 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. bought a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter worth approximately $90,000. Closed End Fund Advisors Inc. acquired a new position in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at approximately $113,000. Finally, Private Advisor Group LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the first 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 last quarter.

The Gabelli Healthcare & Wellness Trust Trading Down 0.1%

Shares of NYSE GRX traded down $0.01 during mid-day trading on Friday, hitting $9.92. 13,953 shares of the stock traded hands, compared to its average volume of 27,145. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.05. The firm has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.39.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 6.9%.

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.