The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Sees Significant Increase 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 daily trading volume, of 25,000 shares, the short-interest ratio is currently 2.8 days.

The Gabelli Healthcare & Wellness Trust Stock Up 0.3 %

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

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date was Friday, December 13th.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. purchased 20,408 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $9.74 per share, for a total transaction of $198,773.92. Following the acquisition, the insider now owns 1,911,034 shares in the company, valued at approximately $18,613,471.16. The trade was a 1.08 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mario J. Gabelli bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of $9.80 per share, for a total transaction of $39,200.00. Following the transaction, the insider now owns 235,872 shares in the company, valued at $2,311,545.60. This represents a 1.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 86,035 shares of company stock valued at $861,318.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the 2nd quarter valued at $1,056,000. Absolute Investment Advisers LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at about $813,000. International Assets Investment Management LLC boosted its holdings in The Gabelli Healthcare & Wellness Trust by 995.0% during the third quarter. International Assets Investment Management LLC now owns 60,838 shares of the investment management company’s stock worth $666,000 after purchasing an additional 55,282 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in The Gabelli Healthcare & Wellness Trust in the 3rd quarter worth about $191,000. Finally, Stephens Inc. AR increased 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 buying an additional 8,633 shares during the last quarter.

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.