Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Drops By 13.8%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 10,000 shares, a drop of 13.8% from the July 15th total of 11,600 shares. Based on an average daily trading volume, of 42,700 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 19,481 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $10.47 per share, for a total transaction of $203,966.07. Following the completion of the transaction, the insider now owns 1,822,749 shares of the company’s stock, valued at $19,084,182.03. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 140,328 shares of company stock worth $1,415,970.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRX. Cetera Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the first quarter valued at $2,254,000. Matisse Capital boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 232.7% in the first quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock valued at $1,036,000 after acquiring an additional 70,777 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at approximately $479,000. Wolverine Asset Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.5% in the fourth quarter. Wolverine Asset Management LLC now owns 167,524 shares of the investment management company’s stock valued at $1,563,000 after acquiring an additional 34,019 shares in the last quarter. Finally, RPO LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 24.7% during the fourth quarter. RPO LLC now owns 136,169 shares of the investment management company’s stock valued at $1,270,000 after acquiring an additional 27,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX traded up $0.12 during midday trading on Monday, hitting $10.78. 20,824 shares of the company’s stock were exchanged, compared to its average volume of 36,039. The Gabelli Healthcare & Wellness Trust has a twelve month low of $7.73 and a twelve month high of $10.83. The stock’s 50 day moving average price is $9.95 and its 200-day moving average price is $9.83.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.