Short Interest in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Drops By 33.3%

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decrease of 33.3% from the February 28th total of 2,700 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.2 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.1 %

GAINN traded down $0.02 during trading on Friday, hitting $24.98. The company had a trading volume of 11,260 shares, compared to its average volume of 7,695. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1-year low of $23.80 and a 1-year high of $25.28. The business has a 50-day moving average of $24.77 and a 200-day moving average of $24.69.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.00%.

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.