Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Drops By 71.8%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,071 shares, a drop of 71.8% from the May 31st total of 7,356 shares. Based on an average daily volume of 21,309 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several large investors have recently made changes to their positions in GRX. Saba Capital Management L.P. increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 3.3% in the fourth quarter. Saba Capital Management L.P. now owns 2,118,201 shares of the investment management company’s stock worth $20,398,000 after acquiring an additional 67,166 shares during the period. Sit Investment Associates Inc. lifted its position in 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 purchasing an additional 197,594 shares during the period. Gamco Investors INC. ET AL boosted its holdings in The Gabelli Healthcare & Wellness Trust by 1.1% in the first 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 during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 5.3% in 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 purchasing an additional 14,814 shares during the last quarter. Finally, LPL Financial LLC grew its position in The Gabelli Healthcare & Wellness Trust by 2.1% during the 4th quarter. LPL Financial LLC now owns 291,560 shares of the investment management company’s stock worth $2,808,000 after purchasing an additional 5,907 shares during the period.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2%

The Gabelli Healthcare & Wellness Trust stock opened at $9.38 on Friday. The stock has a 50-day moving average price of $9.07 and a 200 day moving average price of $9.38. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.80 and a 52 week high of $10.05.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%.

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.