The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Significant Growth in Short Interest

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 28,056 shares, an increase of 110.1% from the September 30th total of 13,356 shares. Based on an average daily volume of 13,398 shares, the short-interest ratio is presently 2.1 days.

The Gabelli Healthcare & Wellness Trust Trading Down 0.1%

Shares of GRX stock traded down $0.01 during trading on Friday, reaching $10.12. The company’s stock had a trading volume of 22,528 shares, compared to its average volume of 25,436. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.80 and a 1-year high of $10.23. The stock’s 50-day moving average price is $9.84 and its 200 day moving average price is $9.53.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm 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 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, September 16th.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction on Wednesday, October 7th. The stock was bought at an average cost of $9.43 per share, for a total transaction of $27,865.65. Following the completion of the transaction, the insider owned 2,171,941 shares of the company’s stock, valued at approximately $20,481,403.63. The trade was a 0.14% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired 56,424 shares of company stock worth $558,678 over the last quarter.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 10.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock worth $3,441,000 after acquiring an additional 34,122 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 0.8% in the third quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock valued at $1,644,000 after purchasing an additional 1,405 shares during the last quarter. International Assets Investment Management LLC grew its stake in The Gabelli Healthcare & Wellness Trust by 23.7% during the 3rd quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 2,492 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $90,000. Finally, Gamco Investors INC. ET AL grew 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 valued at $3,132,000 after purchasing an additional 3,800 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

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

Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.