Short Interest in The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Expands By 250.0%

The Gabelli Healthcare & Wellness Trust (NYSE:GRXGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 7,000 shares, a growth of 250.0% from the April 15th total of 2,000 shares. Based on an average daily volume of 33,800 shares, the days-to-cover ratio is presently 0.2 days.

Shares of NYSE GRX traded up $0.22 during mid-day trading on Friday, reaching $11.15. 32,139 shares of the company traded hands, compared to its average volume of 41,170. The company’s fifty day moving average is $12.40 and its two-hundred day moving average is $12.82. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $10.70 and a fifty-two week high of $14.25.

Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in The Gabelli Healthcare & Wellness Trust by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 473,587 shares of the investment management company’s stock valued at $6,071,000 after buying an additional 6,687 shares during the last quarter. Morgan Stanley boosted its position in The Gabelli Healthcare & Wellness Trust by 11.3% during the 3rd quarter. Morgan Stanley now owns 473,060 shares of the investment management company’s stock worth $6,249,000 after buying an additional 48,180 shares during the period. Gamco Investors INC. ET AL increased its holdings in The Gabelli Healthcare & Wellness Trust by 2.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 326,614 shares of the investment management company’s stock worth $4,432,000 after purchasing an additional 7,117 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of The Gabelli Healthcare & Wellness Trust by 1.4% in the 3rd quarter. Royal Bank of Canada now owns 254,841 shares of the investment management company’s stock worth $3,366,000 after purchasing an additional 3,469 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 5.8% in the 3rd quarter. UBS Group AG now owns 210,382 shares of the investment management company’s stock worth $2,779,000 after acquiring an additional 11,601 shares in the last quarter.

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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