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

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 8,400 shares, a decline of 10.6% from the August 31st total of 9,400 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 2.8 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 1.0 %

NASDAQ GAINN traded down $0.24 on Tuesday, hitting $24.65. 11,187 shares of the stock were exchanged, compared to its average volume of 4,009. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $23.06 and a 52-week high of $25.28. The stock has a fifty day moving average price of $24.47 and a two-hundred day moving average price of $24.26.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 15th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.25 annualized dividend and a yield of 5.07%.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.