Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Large Increase in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,000 shares, an increase of 130.8% from the October 15th total of 1,300 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.7 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 0.4 %

Shares of GAINN traded down $0.09 during trading hours on Wednesday, reaching $24.45. 1,096 shares of the stock traded hands, compared to its average volume of 4,321. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $23.25 and a 52-week high of $25.28. The company’s 50-day moving average price is $24.68 and its two-hundred day moving average price is $24.38.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Tuesday, October 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.