The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Up 84.9% in February

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 23,300 shares, an increase of 84.9% from the January 31st total of 12,600 shares. Based on an average daily trading volume, of 28,800 shares, the short-interest ratio is currently 0.8 days.

The Gabelli Healthcare & Wellness Trust Price Performance

NYSE GRX opened at $10.02 on Tuesday. The Gabelli Healthcare & Wellness Trust has a 12-month low of $9.21 and a 12-month high of $11.24. The firm has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $10.39.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 yield of 5.99%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 20,408 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of $9.74 per share, for a total transaction of $198,773.92. Following the purchase, the insider now owns 1,911,034 shares in the company, valued at approximately $18,613,471.16. This represents a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mario J. Gabelli acquired 3,456 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $10.30 per share, with a total value of $35,596.80. Following the acquisition, the insider now directly owns 225,328 shares in the company, valued at approximately $2,320,878.40. This trade represents a 1.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 51,152 shares of company stock worth $499,722.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

A number of institutional investors have recently bought and sold shares of the business. Waverly Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $473,000. Saba Capital Management L.P. boosted its holdings in The Gabelli Healthcare & Wellness Trust by 3.5% in the 4th quarter. Saba Capital Management L.P. now owns 1,911,034 shares of the investment management company’s stock valued at $18,422,000 after purchasing an additional 64,135 shares during the period. Capstone Investment Advisors LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 469.5% in the 4th quarter. Capstone Investment Advisors LLC now owns 99,441 shares of the investment management company’s stock valued at $959,000 after purchasing an additional 81,981 shares during the period. Quarry LP lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 341.8% during the 4th quarter. Quarry LP now owns 29,140 shares of the investment management company’s stock worth $281,000 after acquiring an additional 22,545 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 10.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 342,226 shares of the investment management company’s stock worth $3,299,000 after acquiring an additional 33,000 shares during the period.

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.