The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Update

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,429 shares, a decrease of 48.5% from the July 15th total of 10,536 shares. Based on an average daily volume of 89,891 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV traded down $0.11 during midday trading on Friday, reaching $30.78. The stock had a trading volume of 72,480 shares, compared to its average volume of 116,174. The stock has a 50-day moving average of $29.61 and a 200-day moving average of $28.92. The Gabelli Dividend & Income Trust has a 12-month low of $26.14 and a 12-month high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 5.8%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GDV. Raymond James Financial Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after buying an additional 31,024 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 8.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock valued at $20,004,000 after purchasing an additional 55,550 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 12.1% during the 4th quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 61,113 shares during the last quarter. LPL Financial LLC grew its position in shares of The Gabelli Dividend & Income Trust by 6.7% during the fourth quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock valued at $15,400,000 after purchasing an additional 35,064 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of The Gabelli Dividend & Income Trust by 1.4% during the fourth quarter. Stifel Financial Corp now owns 261,813 shares of the financial services provider’s stock valued at $7,271,000 after purchasing an additional 3,529 shares in the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.