The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Up 24.8% in September

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 13,600 shares, a growth of 24.8% from the August 31st total of 10,900 shares. Based on an average trading volume of 33,100 shares, the days-to-cover ratio is presently 0.4 days.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. bought 22,571 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $10.08 per share, for a total transaction of $227,515.68. Following the purchase, the insider now directly owns 1,650,275 shares in the company, valued at approximately $16,634,772. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 150,986 shares of company stock valued at $1,531,130 in the last three months.

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 stock. Cetera Advisors LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $2,254,000. Sanctuary Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the second quarter valued at $1,056,000. Matisse Capital lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 232.7% during the 1st quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock valued at $1,036,000 after buying an additional 70,777 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 26.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 24,430 shares during the period. Finally, Quantedge Capital Pte Ltd increased its holdings in The Gabelli Healthcare & Wellness Trust by 28.0% in the 4th quarter. Quantedge Capital Pte Ltd now owns 69,396 shares of the investment management company’s stock worth $647,000 after acquiring an additional 15,200 shares during the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX stock traded down $0.03 during trading on Friday, hitting $10.99. The company’s stock had a trading volume of 13,914 shares, compared to its average volume of 34,454. The business has a fifty day moving average of $10.75 and a 200-day moving average of $10.06. The Gabelli Healthcare & Wellness Trust has a 52 week low of $7.73 and a 52 week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, September 16th.

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.