The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Short Interest Up 1,734.6% in May

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,531 shares, an increase of 1,734.6% from the April 30th total of 356 shares. Based on an average trading volume of 20,856 shares, the days-to-cover ratio is presently 0.3 days.

The Gabelli Healthcare & Wellness Trust Stock Performance

GRX opened at $9.04 on Thursday. The business has a fifty day moving average of $9.10 and a 200 day moving average of $9.44. The Gabelli Healthcare & Wellness Trust has a 52-week low of $8.90 and a 52-week high of $10.05.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 dividend on an annualized basis and a yield of 7.5%.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at $77,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at $90,000. Closed End Fund Advisors Inc. bought a new stake in The Gabelli Healthcare & Wellness Trust during the 4th quarter valued at $113,000. Finally, Private Advisor Group LLC increased its position in 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 valued at $180,000 after purchasing an additional 4,000 shares during the period.

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.