Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Expands By 74.3%

The Gabelli Healthcare & Wellness Trust (NYSE:GRXGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 12,200 shares, an increase of 74.3% from the April 30th total of 7,000 shares. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $1,153,000. Morgan Stanley increased its stake in shares of The Gabelli Healthcare & Wellness Trust by 11.3% in the third quarter. Morgan Stanley now owns 473,060 shares of the investment management company’s stock valued at $6,249,000 after buying an additional 48,180 shares during the period. Eudaimonia Partners LLC acquired a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at approximately $520,000. Aviance Capital Partners LLC increased its position in The Gabelli Healthcare & Wellness Trust by 36.3% during the 1st quarter. Aviance Capital Partners LLC now owns 148,195 shares of the investment management company’s stock valued at $1,900,000 after purchasing an additional 39,453 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in The Gabelli Healthcare & Wellness Trust during the 1st quarter valued at approximately $468,000.

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $11.56 on Friday. The firm has a 50-day moving average of $12.17 and a 200-day moving average of $12.67. The Gabelli Healthcare & Wellness Trust has a 52-week low of $10.70 and a 52-week high of $14.25.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Investors of record on Wednesday, June 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.60 annualized dividend and a yield of 5.19%.

About The Gabelli Healthcare & Wellness Trust (Get Rating)

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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