Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Increases By 9.4%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,500 shares, an increase of 9.4% from the June 30th total of 3,200 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 1.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of GAINZ remained flat at $22.85 during trading hours on Tuesday. 184 shares of the stock were exchanged, compared to its average volume of 3,675. The firm has a fifty day moving average of $22.95 and a two-hundred day moving average of $22.88. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $21.38 and a 1-year high of $24.76.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a $0.3047 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.22 annualized dividend and a yield of 5.33%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.