Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Drops By 76.6%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,100 shares, a decrease of 76.6% from the February 29th total of 4,700 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of NASDAQ:GAINZ remained flat at $22.99 during midday trading on Thursday. The stock had a trading volume of 3,554 shares, compared to its average volume of 4,788. The company has a 50-day simple moving average of $22.86 and a two-hundred day simple moving average of $22.85. Gladstone Investment Co. 4.875% Notes due 2028 has a 52-week low of $21.38 and a 52-week high of $24.76.

Gladstone Investment Co. 4.875% Notes due 2028 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.3047 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Friday, April 12th. This is an increase from Gladstone Investment Co. 4.875% Notes due 2028’s previous quarterly dividend of $0.30.

About Gladstone Investment Co. 4.875% Notes due 2028

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.