The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Down 71.8% in June

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,071 shares, a drop of 71.8% from the May 31st total of 7,356 shares. Based on an average trading volume of 21,309 shares, the short-interest ratio is currently 0.1 days.

The Gabelli Healthcare & Wellness Trust Stock Up 1.2%

Shares of NYSE:GRX traded up $0.11 during midday trading on Friday, reaching $9.38. The company’s stock had a trading volume of 33,971 shares, compared to its average volume of 29,459. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.05. The firm has a 50 day moving average price of $9.07 and a two-hundred day moving average price of $9.38.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 annualized dividend and a yield of 7.2%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at $33,000. International Assets Investment Management LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $77,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter worth $90,000. Closed End Fund Advisors Inc. acquired a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $113,000. Finally, Private Advisor Group LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 4,000 shares in 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.