Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Drops By 7.9%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 7,000 shares, a drop of 7.9% from the September 30th total of 7,600 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.3 days.

Insiders Place Their Bets

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. purchased 10,441 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $10.59 per share, with a total value of $110,570.19. Following the acquisition, the insider now owns 1,857,340 shares in the company, valued at approximately $19,669,230.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 73,839 shares of company stock worth $780,066.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at about $53,000. Matisse Capital grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 232.7% during the first quarter. Matisse Capital now owns 101,196 shares of the investment management company’s stock worth $1,036,000 after acquiring an additional 70,777 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust during the second quarter valued at about $1,056,000. Blue Bell Private Wealth Management LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 26.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 115,919 shares of the investment management company’s stock valued at $1,111,000 after purchasing an additional 24,430 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 225,215 shares of the investment management company’s stock worth $2,158,000 after purchasing an additional 3,020 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Stock Down 1.4 %

Shares of NYSE:GRX traded down $0.15 during trading on Thursday, reaching $10.25. The company’s stock had a trading volume of 32,210 shares, compared to its average volume of 32,630. The Gabelli Healthcare & Wellness Trust has a 12 month low of $7.87 and a 12 month high of $11.24. The firm’s 50 day simple moving average is $10.90 and its two-hundred day simple moving average is $10.19.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Monday, September 16th.

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.