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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 356 shares, a drop of 86.3% from the April 15th total of 2,594 shares. Based on an average daily volume of 21,214 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Large investors have recently made changes to their positions in the business. Aviance Capital Partners LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 2.1% during the first quarter. Aviance Capital Partners LLC now owns 171,325 shares of the investment management company’s stock valued at $1,550,000 after purchasing an additional 3,482 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 22.0% during the first quarter. Uhlmann Price Securities LLC now owns 61,590 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 11,088 shares during the last quarter. Sit Investment Associates Inc. increased 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 valued at $9,932,000 after acquiring an additional 197,594 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $113,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Healthcare & Wellness Trust by 5.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 292,672 shares of the investment management company’s stock valued at $2,818,000 after acquiring an additional 14,814 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Price Performance

Shares of GRX stock traded up $0.01 during trading hours on Tuesday, hitting $8.99. 28,075 shares of the company’s stock traded hands, compared to its average volume of 31,593. The stock’s fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $9.46. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.90 and a 12-month high of $10.05.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Tuesday, March 17th.

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.