The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Update

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,071 shares, a decrease of 71.8% from the May 31st total of 7,356 shares. Based on an average daily volume of 21,309 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE GRX traded up $0.12 during trading on Monday, reaching $9.44. 23,332 shares of the company traded hands, compared to its average volume of 29,408. The firm’s fifty day simple moving average is $9.08 and its 200 day simple moving average is $9.37. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.80 and a 12-month high of $10.05.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.2%.

Hedge Funds Weigh In On The Gabelli Healthcare & Wellness Trust

Several institutional investors have recently made changes to their positions in GRX. Fifth Third Bancorp acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at $33,000. International Assets Investment Management LLC purchased a new position in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in The Gabelli Healthcare & Wellness Trust in the first quarter valued at $90,000. Closed End Fund Advisors Inc. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the fourth quarter worth about $113,000. Finally, Private Advisor Group LLC raised its position in shares of The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after acquiring an additional 4,000 shares during the period.

The Gabelli Healthcare & Wellness Trust Company Profile

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.