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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,757 shares, an increase of 419.4% from the June 15th total of 2,071 shares. Based on an average daily volume of 29,259 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in 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 buying an additional 197,594 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $1,722,000. &PARTNERS purchased a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $1,143,000. Saba Capital Management L.P. raised its position in 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. Finally, Gamco Investors INC. ET AL raised its position in The Gabelli Healthcare & Wellness Trust by 9.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,296,000 after acquiring an additional 30,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE GRX opened at $9.60 on Friday. The business’s fifty day moving average price is $9.15 and its 200-day moving average price is $9.38. The Gabelli Healthcare & Wellness Trust has a 1-year low of $8.80 and a 1-year high of $10.05.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, June 15th.

About The Gabelli Healthcare & Wellness Trust

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.