The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Update

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 70,500 shares, a growth of 434.1% from the December 15th total of 13,200 shares. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is currently 2.8 days.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX traded up $0.07 during midday trading on Monday, hitting $9.62. 28,227 shares of the company traded hands, compared to its average volume of 22,861. The business has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $10.38. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.21 and a 52-week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 6.24%.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, insider Mario J. Gabelli acquired 7,863 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $82,561.50. Following the completion of the transaction, the insider now directly owns 7,863 shares of the company’s stock, valued at $82,561.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. bought 3,448 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $10.33 per share, for a total transaction of $35,617.84. Following the transaction, the insider now directly owns 1,860,788 shares in the company, valued at approximately $19,221,940.04. This represents a 0.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 76,643 shares of company stock worth $780,787.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the third quarter worth about $72,000. Capstone Investment Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth approximately $191,000. International Assets Investment Management LLC boosted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at approximately $1,056,000. Finally, Aviance Capital Partners LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock worth $1,416,000 after acquiring an additional 1,224 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

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.