Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Drops By 33.6%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 7,100 shares, a decline of 33.6% from the February 13th total of 10,700 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 1.4 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.04 during mid-day trading on Friday, reaching $23.14. 2,615 shares of the company’s stock traded hands, compared to its average volume of 3,985. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $22.45 and a 12-month high of $24.16. The stock has a 50 day moving average of $23.31 and a two-hundred day moving average of $23.43.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Wednesday, January 15th were paid a $0.3047 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.27%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.