Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Significant Growth in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 11,200 shares, an increase of 6.7% from the October 15th total of 10,500 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 3.7 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.63 during midday trading on Tuesday, hitting $22.95. 75,993 shares of the company were exchanged, compared to its average volume of 3,495. The company’s fifty day moving average price is $23.66 and its 200-day moving average price is $23.19. Gladstone Investment Co. 4.875% Notes due 2028 has a fifty-two week low of $22.18 and a fifty-two week high of $24.72.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.3047 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.22 annualized dividend and a yield of 5.31%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.