The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Large Growth in Short Interest

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

Insiders Place Their Bets

In other news, insider Mario J. Gabelli acquired 3,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $10.18 per share, with a total value of $30,540.00. Following the purchase, the insider now owns 312,226 shares of the company’s stock, valued at approximately $3,178,460.68. This represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Saba Capital Management, L.P. bought 14,833 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $9.57 per share, with a total value of $141,951.81. Following the purchase, the insider now directly owns 1,925,867 shares of the company’s stock, valued at approximately $18,430,547.19. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 86,035 shares of company stock worth $861,318 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in The Gabelli Healthcare & Wellness Trust by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after purchasing an additional 3,020 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter worth $1,056,000. International Assets Investment Management LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock valued at $666,000 after buying an additional 55,282 shares in the last quarter. Aviance Capital Partners LLC raised its position in The Gabelli Healthcare & Wellness Trust by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after buying an additional 1,224 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $191,000.

The Gabelli Healthcare & Wellness Trust Stock Up 0.3 %

Shares of NYSE GRX opened at $10.30 on Wednesday. The business has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $10.41. The Gabelli Healthcare & Wellness Trust has a 12 month low of $9.21 and a 12 month high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, December 13th.

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.