Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Increases By 62.0%

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 12,800 shares, a growth of 62.0% from the August 15th total of 7,900 shares. Based on an average daily volume of 27,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 16.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 27,574 shares of the investment management company’s stock valued at $354,000 after buying an additional 3,858 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 473,587 shares of the investment management company’s stock valued at $6,071,000 after buying an additional 6,687 shares in the last quarter. UBS Group AG lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 2.0% during the 1st quarter. UBS Group AG now owns 239,262 shares of the investment management company’s stock valued at $3,067,000 after buying an additional 4,610 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $1,153,000. Finally, Eudaimonia Partners LLC purchased a new position in shares of The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at about $520,000.

The Gabelli Healthcare & Wellness Trust Trading Down 0.4 %

NYSE:GRX traded down $0.04 on Friday, hitting $9.10. The stock had a trading volume of 22,396 shares, compared to its average volume of 32,690. The business’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $9.86. The Gabelli Healthcare & Wellness Trust has a 52-week low of $9.10 and a 52-week high of $10.71.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 6.59%.

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.