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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the recipient of a large decrease in short interest in 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 trading volume of 28,600 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Healthcare & Wellness Trust Trading Up 0.7 %

GRX traded up $0.07 during trading on Friday, reaching $9.96. 5,090 shares of the company’s stock were exchanged, compared to its average volume of 28,958. The firm has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $10.34. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

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

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 3rd quarter valued at about $72,000. Winebrenner Capital Management LLC bought a new position in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $125,000. Independent Advisor Alliance acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the 4th quarter worth approximately $147,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 3rd quarter valued at $191,000. Finally, Raymond James Financial Inc. bought a new stake in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at $171,000.

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.