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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,531 shares, an increase of 1,734.6% from the April 30th total of 356 shares. Based on an average trading volume of 20,856 shares, the short-interest ratio is currently 0.3 days.

The Gabelli Healthcare & Wellness Trust Trading Up 0.1%

Shares of NYSE GRX traded up $0.01 during trading on Wednesday, reaching $9.04. The company had a trading volume of 9,837 shares, compared to its average volume of 30,247. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.90 and a 12-month high of $10.05. The business’s 50-day moving average is $9.10 and its 200 day moving average is $9.44.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently modified their holdings of GRX. Osaic Holdings Inc. boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 11.3% during the second quarter. Osaic Holdings Inc. now owns 28,443 shares of the investment management company’s stock valued at $269,000 after buying an additional 2,880 shares during the last quarter. Uhlmann Price Securities LLC boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 14.9% during the third quarter. Uhlmann Price Securities LLC now owns 35,029 shares of the investment management company’s stock valued at $318,000 after buying an additional 4,531 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock valued at $281,000 after buying an additional 14,132 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at $77,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of The Gabelli Healthcare & Wellness Trust by 9.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock valued at $3,296,000 after buying an additional 30,000 shares during the last quarter.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.