The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 52.2% in May

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 38,836 shares, a decrease of 52.2% from the April 30th total of 81,279 shares. Based on an average daily volume of 105,657 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. PMG Family Office LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $511,000. Indivisible Partners acquired a new stake in The Gabelli Dividend & Income Trust during the fourth quarter worth about $491,000. Hennion & Walsh Asset Management Inc. grew its holdings in The Gabelli Dividend & Income Trust by 38.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after acquiring an additional 28,278 shares during the period. Shaker Financial Services LLC raised its position in The Gabelli Dividend & Income Trust by 113.4% during the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 39,211 shares in the last quarter. Finally, Silverlake Wealth Management LLC lifted its holdings in The Gabelli Dividend & Income Trust by 4.0% in the fourth quarter. Silverlake Wealth Management LLC now owns 84,087 shares of the financial services provider’s stock valued at $2,335,000 after acquiring an additional 3,249 shares during the period.

The Gabelli Dividend & Income Trust Trading Down 0.1%

Shares of NYSE:GDV traded down $0.03 on Monday, hitting $29.21. 90,824 shares of the company were exchanged, compared to its average volume of 122,925. The Gabelli Dividend & Income Trust has a 1-year low of $24.57 and a 1-year high of $29.58. The stock’s 50 day moving average price is $28.47 and its 200 day moving average price is $28.15.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Wednesday, September 16th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.