Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Rises By 136.2%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 30,700 shares, an increase of 136.2% from the August 31st total of 13,000 shares. Based on an average daily trading volume, of 175,800 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the transaction, the insider now owns 142,592 shares in the company, valued at approximately $3,266,782.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDV. Cambridge Investment Research Advisors Inc. raised its stake in The Gabelli Dividend & Income Trust by 0.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 147,004 shares of the financial services provider’s stock worth $3,181,000 after buying an additional 1,155 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in The Gabelli Dividend & Income Trust by 1.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 273,371 shares of the financial services provider’s stock worth $5,916,000 after purchasing an additional 2,594 shares in the last quarter. 1607 Capital Partners LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 0.5% in the 4th quarter. 1607 Capital Partners LLC now owns 784,003 shares of the financial services provider’s stock valued at $16,966,000 after acquiring an additional 3,820 shares in the last quarter. Accuvest Global Advisors grew its stake in The Gabelli Dividend & Income Trust by 3.3% in the fourth quarter. Accuvest Global Advisors now owns 48,939 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 1,583 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of The Gabelli Dividend & Income Trust by 4.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 136,401 shares of the financial services provider’s stock valued at $2,952,000 after buying an additional 5,980 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Up 0.1 %

NYSE GDV opened at $24.35 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.49. The firm’s fifty day moving average price is $23.56 and its two-hundred day moving average price is $22.91.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.32 annualized dividend and a yield of 5.42%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.