The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,631 shares, a decrease of 57.2% from the July 15th total of 13,169 shares. Based on an average daily trading volume, of 20,610 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its position in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the 4th quarter. Sit Investment Associates Inc. now owns 1,031,350 shares of the investment management company’s stock worth $9,932,000 after purchasing an additional 197,594 shares during the period. Saba Capital Management L.P. increased its position in shares of The Gabelli Healthcare & Wellness Trust by 3.3% during the fourth quarter. Saba Capital Management L.P. now owns 2,118,201 shares of the investment management company’s stock worth $20,398,000 after buying an additional 67,166 shares during the period. Evolve Private Wealth LLC acquired a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter worth $1,722,000. NewEdge Advisors LLC raised its stake in The Gabelli Healthcare & Wellness Trust by 4.0% during the fourth quarter. NewEdge Advisors LLC now owns 66,689 shares of the investment management company’s stock worth $642,000 after buying an additional 2,568 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in The Gabelli Healthcare & Wellness Trust by 83.9% during the third quarter. Raymond James Financial Inc. now owns 30,974 shares of the investment management company’s stock worth $281,000 after buying an additional 14,132 shares during the last quarter.
The Gabelli Healthcare & Wellness Trust Price Performance
Shares of GRX traded down $0.01 during mid-day trading on Friday, reaching $9.92. 13,953 shares of the company were exchanged, compared to its average volume of 27,145. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.80 and a 52 week high of $10.05. The business has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $9.39.
The Gabelli Healthcare & Wellness Trust Dividend Announcement
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.
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