Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Update

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 29,588 shares, an increase of 144.2% from the April 15th total of 12,117 shares. Based on an average daily trading volume, of 7,772 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Trading of Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. bought a new position in shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 makes up about 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest position.

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Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

NASDAQ GAINN traded down $0.09 on Friday, reaching $25.04. The stock had a trading volume of 1,969 shares, compared to its average volume of 4,167. The firm has a fifty day moving average of $25.09 and a two-hundred day moving average of $25.08. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1-year low of $24.57 and a 1-year high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, April 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

(Get Free Report)

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.

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