The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Update

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 28,200 shares, a growth of 16.0% from the October 31st total of 24,300 shares. Based on an average trading volume of 154,600 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 3,134,000 shares of company stock valued at $31,369,800 in the last ninety days.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds have recently added to or reduced their stakes in GDV. Larson Financial Group LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at $27,000. Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $71,000. TD Private Client Wealth LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $78,000. CWM LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $180,000.

The Gabelli Dividend & Income Trust Trading Down 0.4 %

NYSE:GDV traded down $0.09 during trading hours on Tuesday, reaching $25.49. 142,077 shares of the stock were exchanged, compared to its average volume of 162,427. The firm has a 50 day simple moving average of $24.63 and a 200-day simple moving average of $23.68. The Gabelli Dividend & Income Trust has a 52 week low of $20.23 and a 52 week high of $25.60.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a $0.11 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.18%.

About The Gabelli Dividend & Income Trust

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.