The Gabelli Dividend & Income Trust (NYSE:GDV) Sees Large Growth in Short Interest

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 28,200 shares, an increase of 16.0% from the October 31st total of 24,300 shares. Based on an average daily trading volume, of 154,600 shares, the short-interest ratio is presently 0.2 days.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV traded down $0.09 during trading hours on Tuesday, hitting $25.49. The company’s stock had a trading volume of 142,077 shares, compared to its average volume of 162,427. The Gabelli Dividend & Income Trust has a twelve month low of $20.23 and a twelve month high of $25.60. The stock has a fifty day simple moving average of $24.63 and a 200-day simple moving average of $23.68.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders purchased 3,134,000 shares of company stock worth $31,369,800.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the second quarter valued at about $27,000. Wetzel Investment Advisors Inc. bought a new position in The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $71,000. TD Private Client Wealth LLC acquired a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $78,000. CWM LLC grew its holdings in The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 545 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $180,000.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.