The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Down 57.2% in July

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,631 shares, a decline of 57.2% from the July 15th total of 13,169 shares. Based on an average daily trading volume, of 20,610 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the fourth quarter worth about $77,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Healthcare & Wellness Trust during the first quarter worth about $90,000. Closed End Fund Advisors Inc. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the 4th quarter worth about $113,000. Finally, Private Advisor Group LLC grew its holdings in shares of The Gabelli Healthcare & Wellness Trust by 25.2% during the 1st quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after purchasing an additional 4,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Trading Down 0.2%

GRX traded down $0.02 during trading on Monday, hitting $9.90. The company’s stock had a trading volume of 5,657 shares, compared to its average volume of 27,007. The Gabelli Healthcare & Wellness Trust has a twelve month low of $8.80 and a twelve month high of $10.05. The firm’s 50 day moving average price is $9.50 and its 200-day moving average price is $9.39.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 16th.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.