Short Interest in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Grows By 1,435.7%

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 12,117 shares, an increase of 1,435.7% from the March 31st total of 789 shares. Based on an average daily volume of 4,276 shares, the days-to-cover ratio is currently 2.8 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Price Performance

GAINN stock traded up $0.01 during mid-day trading on Friday, hitting $24.98. The stock had a trading volume of 395 shares, compared to its average volume of 3,399. The firm has a fifty day simple moving average of $25.10 and a 200 day simple moving average of $25.08. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52 week low of $24.57 and a 52 week high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, April 15th.

Institutional Investors Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

An institutional investor recently bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 comprises approximately 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th largest holding.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.