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

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 514 shares, a decline of 66.8% from the February 26th total of 1,549 shares. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 0.5 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Price Performance

GAINN stock traded down $0.01 during trading hours on Wednesday, reaching $25.12. 396 shares of the stock were exchanged, compared to its average volume of 3,046. The firm’s 50-day moving average is $25.05 and its 200-day moving average is $25.08. Gladstone Investment Co. 5.00% Notes Due 2026 has a 12 month low of $24.57 and a 12 month high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Investors Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new position in shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 comprises about 2.8% of Karpus Management Inc.’s portfolio, making the stock its 12th biggest position.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.