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

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

Insiders Place Their Bets

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

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers increased its holdings in The Gabelli Healthcare & Wellness Trust by 1.4% during the second quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after buying an additional 3,020 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 139,740 shares of the investment management company’s stock worth $1,417,000 after purchasing an additional 27,742 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 129,307 shares of the investment management company’s stock valued at $1,416,000 after purchasing an additional 1,224 shares during the period. Stephens Inc. AR lifted its stake 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 purchasing an additional 8,633 shares during the last quarter. Finally, Absolute Investment Advisers LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $813,000.

The Gabelli Healthcare & Wellness Trust Stock Up 0.3 %

NYSE GRX traded up $0.03 during trading on Tuesday, reaching $10.30. 37,102 shares of the stock traded hands, compared to its average volume of 28,582. The stock’s 50-day moving average price is $9.97 and its 200 day moving average price is $10.41. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 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.