Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Short Interest Up 17.6% in July

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 22,000 shares, an increase of 17.6% from the July 15th total of 18,700 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 4.7 days.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Down 0.2 %

Shares of GAINL stock traded down $0.06 during trading hours on Friday, hitting $25.58. 2,696 shares of the company were exchanged, compared to its average volume of 8,389. Gladstone Investment Co. 8.00% Notes due 2028 has a 52 week low of $24.70 and a 52 week high of $27.13. The business has a 50 day moving average of $25.68 and a two-hundred day moving average of $25.62.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.82%. The ex-dividend date was Monday, July 15th.

About Gladstone Investment Co. 8.00% Notes due 2028

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.