Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Down 50.0% in December

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 6,100 shares, a drop of 50.0% from the December 15th total of 12,200 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 1.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Up 0.0 %

GAINZ stock traded up $0.01 on Tuesday, hitting $23.42. 1,993 shares of the company’s stock were exchanged, compared to its average volume of 7,162. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $22.25 and a 12-month high of $24.16. The firm has a 50 day moving average price of $23.38 and a two-hundred day moving average price of $23.33.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.3047 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.22 annualized dividend and a yield of 5.20%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.