Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Decreases By 48.1%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 12,100 shares, a decrease of 48.1% from the February 13th total of 23,300 shares. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is presently 0.4 days.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average cost of $9.80 per share, with a total value of $39,200.00. Following the transaction, the insider now directly owns 235,872 shares in the company, valued at $2,311,545.60. This trade represents a 1.73 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Saba Capital Management, L.P. bought 9,437 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $10.18 per share, for a total transaction of $96,068.66. Following the completion of the acquisition, the insider now directly owns 1,955,839 shares in the company, valued at approximately $19,910,441.02. This trade represents a 0.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 67,731 shares of company stock valued at $665,813 over the last quarter.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 252.9% during the fourth quarter. LPL Financial LLC now owns 280,349 shares of the investment management company’s stock worth $2,703,000 after purchasing an additional 200,905 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in shares of The Gabelli Healthcare & Wellness Trust by 83.1% in the 4th quarter. Sit Investment Associates Inc. now owns 367,035 shares of the investment management company’s stock valued at $3,538,000 after purchasing an additional 166,619 shares in the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at about $813,000. Capstone Investment Advisors LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 469.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after acquiring an additional 81,981 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of The Gabelli Healthcare & Wellness Trust by 21.4% during the 4th quarter. Wells Fargo & Company MN now owns 427,010 shares of the investment management company’s stock worth $4,116,000 after acquiring an additional 75,148 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Trading Up 0.7 %

NYSE GRX traded up $0.07 during trading on Friday, reaching $9.96. The company’s stock had a trading volume of 5,090 shares, compared to its average volume of 28,958. The Gabelli Healthcare & Wellness Trust has a twelve month low of $9.21 and a twelve month high of $11.24. The business’s fifty day moving average price is $10.02 and its 200-day moving average price is $10.34.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Healthcare & Wellness Trust Company Profile

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.