Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Sees Large Decrease in Short Interest

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 13,600 shares, a decline of 10.5% from the March 31st total of 15,200 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 1.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Down 0.1 %

Shares of Gladstone Investment Co. 8.00% Notes due 2028 stock traded down $0.02 during trading on Wednesday, hitting $25.73. 1,757 shares of the stock were exchanged, compared to its average volume of 11,657. The stock’s fifty day moving average is $25.66 and its 200 day moving average is $25.46. Gladstone Investment Co. 8.00% Notes due 2028 has a 12 month low of $24.55 and a 12 month high of $27.13.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.00 annualized dividend and a dividend yield of 7.77%.

About Gladstone Investment Co. 8.00% 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.