Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Shares Shorted: Short Interest Down 84.5% in September

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 492 shares, a decrease of 84.5% from the August 31st total of 3,166 shares. Based on an average trading volume of 1,568 shares, the short-interest ratio is presently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.1%

NASDAQ:GAINZ traded down $0.02 during trading hours on Friday, hitting $24.27. The company had a trading volume of 8,520 shares, compared to its average volume of 9,228. The company has a 50-day moving average of $24.16 and a 200 day moving average of $24.07. Gladstone Investment Co. 4.875% Notes due 2028 has a 1 year low of $23.58 and a 1 year high of $24.50.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.3047 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.22 annualized dividend and a dividend yield of 5.0%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.