Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Increases By 434.1%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a large increase in short interest during the month of 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 trading volume, of 25,000 shares, the days-to-cover ratio is currently 2.8 days.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE:GRX opened at $10.30 on Wednesday. The company’s 50 day moving average is $9.97 and its 200-day moving average is $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. Investors of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 5.83%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 5,364 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $10.36 per share, for a total transaction of $55,571.04. Following the purchase, the insider now owns 1,866,152 shares in the company, valued at $19,333,334.72. The trade was a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mario J. Gabelli acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the completion of the purchase, the insider now directly owns 312,226 shares in the company, valued at $3,178,460.68. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 86,035 shares of company stock worth $861,318 in the last three months.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of hedge funds have recently bought and sold shares of GRX. Quarry LP acquired a new position in The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at $72,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the third quarter valued at about $191,000. International Assets Investment Management LLC grew its position in 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 worth $666,000 after buying an additional 55,282 shares in the last quarter. Absolute Investment Advisers LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at about $813,000. Finally, Stephens Inc. AR raised its holdings in The Gabelli Healthcare & Wellness Trust by 8.6% in the 4th quarter. Stephens Inc. AR now owns 108,534 shares of the investment management company’s stock valued at $1,046,000 after acquiring an additional 8,633 shares in 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.