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 target of a large growth in short interest in 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 trading volume of 20,399 shares, the days-to-cover ratio is currently 0.3 days.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of NYSE GRX traded up $0.01 on Friday, hitting $9.43. The company had a trading volume of 843 shares, compared to its average volume of 26,602. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.20. The business 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 declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Wednesday, September 16th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. purchased 4,340 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $10.05 per share, for a total transaction of $43,617.00. Following the acquisition, the insider owned 2,155,133 shares in the company, valued at approximately $21,659,086.65. This trade represents a 0.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 38,351 shares of company stock worth $387,274.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several large investors have recently bought and sold shares of the company. Sit Investment Associates Inc. lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% during the fourth quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock worth $9,932,000 after purchasing an additional 197,594 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in The Gabelli Healthcare & Wellness Trust by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 346,026 shares of the investment management company’s stock worth $3,132,000 after buying an additional 3,800 shares during the period. Aviance Capital Partners LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 2.1% during the 1st quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock worth $1,550,000 after buying an additional 3,482 shares during the period. Uhlmann Price Securities LLC lifted its holdings in The Gabelli Healthcare & Wellness Trust by 22.0% in the 1st quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock worth $557,000 after buying an additional 11,088 shares in the last quarter. Finally, Private Advisor Group LLC lifted 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 worth $180,000 after buying an additional 4,000 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

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.