Short Interest in Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Increases By 25.0%

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 23,000 shares, a growth of 25.0% from the October 15th total of 18,400 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 6.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Trading Up 1.1 %

Shares of GAINL opened at $26.00 on Friday. The stock has a 50-day simple moving average of $25.98 and a 200-day simple moving average of $25.78. Gladstone Investment Co. 8.00% Notes due 2028 has a 1 year low of $25.12 and a 1 year high of $27.13.

Gladstone Investment Co. 8.00% Notes due 2028 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.69%. The ex-dividend date is Wednesday, January 15th.

Gladstone Investment Co. 8.00% 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.