The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Rating) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 18,200 shares, an increase of 264.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 44,200 shares, the days-to-cover ratio is currently 0.4 days.

The Gabelli Healthcare & Wellness Trust Trading Up 0.8 %

Shares of The Gabelli Healthcare & Wellness Trust stock traded up $0.08 on Monday, reaching $9.84. The stock had a trading volume of 50,800 shares, compared to its average volume of 43,081. The Gabelli Healthcare & Wellness Trust has a 1 year low of $9.40 and a 1 year high of $13.22. The business's 50 day moving average is $10.16 and its two-hundred day moving average is $10.13.

The Gabelli Healthcare & Wellness Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 17th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend was Thursday, March 16th.

Insider Activity at The Gabelli Healthcare & Wellness Trust

In related news, insider Mario J. Gabelli purchased 61,000 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction that occurred on Wednesday, January 18th. The stock was bought at an average price of $10.00 per share, for a total transaction of $610,000.00. Following the completion of the transaction, the insider now owns 61,000 shares in the company, valued at $610,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Gabelli Healthcare & Wellness Trust news, Director Jeffrey J. Jonas, Jr. bought 25,000 shares of the business's stock in a transaction on Wednesday, January 18th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company's stock, valued at $250,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mario J. Gabelli bought 61,000 shares of the business's stock in a transaction on Wednesday, January 18th. The shares were acquired at an average price of $10.00 per share, with a total value of $610,000.00. Following the transaction, the insider now directly owns 61,000 shares of the company's stock, valued at $610,000. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On The Gabelli Healthcare & Wellness Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Aviance Capital Partners LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 3.1% in the third quarter. Aviance Capital Partners LLC now owns 175,537 shares of the investment management company's stock valued at $1,668,000 after purchasing an additional 5,296 shares in the last quarter. Eudaimonia Partners LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 10.3% in the third quarter. Eudaimonia Partners LLC now owns 46,243 shares of the investment management company's stock valued at $439,000 after purchasing an additional 4,303 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the third quarter valued at approximately $135,000. Atlas Wealth LLC purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter valued at approximately $919,000. Finally, City of London Investment Management Co. Ltd. raised its stake in The Gabelli Healthcare & Wellness Trust by 24.0% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 13,377 shares of the investment management company's stock valued at $138,000 after purchasing an additional 2,588 shares in the last quarter.

About The Gabelli Healthcare & Wellness Trust

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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.

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