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

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 10,356 shares, a decline of 76.1% from the May 31st total of 43,301 shares. Based on an average daily volume of 145,253 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock traded up $0.10 on Friday, hitting $29.12. 62,706 shares of the stock traded hands, compared to its average volume of 123,514. The business’s fifty day simple moving average is $29.08 and its 200 day simple moving average is $28.42. The Gabelli Dividend & Income Trust has a 1 year low of $25.69 and a 1 year high of $29.58.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Indivisible Partners bought a new position in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $491,000. PMG Family Office LLC bought a new stake in The Gabelli Dividend & Income Trust in the third quarter worth $511,000. Evolve Private Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter worth $2,978,000. Shaker Financial Services LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 113.4% in the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock worth $2,049,000 after acquiring an additional 39,211 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 38.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after acquiring an additional 28,278 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.