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

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,300 shares, a decrease of 79.0% from the September 30th total of 6,200 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

Shares of GAINN stock remained flat at $24.55 during trading hours on Friday. 4,394 shares of the stock traded hands, compared to its average volume of 4,216. The business’s fifty day moving average is $24.63 and its two-hundred day moving average is $24.32. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $23.11 and a 52-week high of $25.28.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.09%.

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.