The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 70.8% in February

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 28,700 shares, a growth of 70.8% from the January 31st total of 16,800 shares. Based on an average trading volume of 138,300 shares, the short-interest ratio is presently 0.2 days.

The Gabelli Dividend & Income Trust Trading Down 0.9 %

GDV traded down $0.22 on Monday, hitting $24.59. 105,970 shares of the stock were exchanged, compared to its average volume of 132,299. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The business has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.54.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date is Friday, June 13th.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GDV. Elequin Capital LP bought a new stake in The Gabelli Dividend & Income Trust during the fourth quarter worth $172,000. Waverly Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth $684,000. Saba Capital Management L.P. lifted its position in shares of The Gabelli Dividend & Income Trust by 15.1% during the 4th quarter. Saba Capital Management L.P. now owns 6,097,170 shares of the financial services provider’s stock worth $147,247,000 after buying an additional 801,838 shares during the last quarter. Focus Partners Wealth acquired a new stake in The Gabelli Dividend & Income Trust in the fourth quarter valued at about $600,000. Finally, Cresset Asset Management LLC grew its position in The Gabelli Dividend & Income Trust by 15.2% in the fourth quarter. Cresset Asset Management LLC now owns 11,598 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 1,533 shares during the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.