Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Increases By 153.2%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 48,100 shares, an increase of 153.2% from the November 30th total of 19,000 shares. Based on an average trading volume of 137,200 shares, the days-to-cover ratio is currently 0.4 days.

The Gabelli Dividend & Income Trust Trading Down 1.0 %

NYSE:GDV opened at $24.35 on Friday. The business’s 50-day moving average is $24.76 and its 200 day moving average is $23.96. The Gabelli Dividend & Income Trust has a 12 month low of $20.93 and a 12 month high of $25.67.

The Gabelli Dividend & Income Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.14 per share. This is a boost from The Gabelli Dividend & Income Trust’s previous dividend of $0.11. The ex-dividend date is Thursday, January 16th.

Insider Activity at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were purchased 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 3,134,000 shares of company stock worth $31,369,800.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors have recently bought and sold shares of the business. Cornerstone Advisors LLC lifted its position in The Gabelli Dividend & Income Trust by 17.0% in the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after buying an additional 239,758 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after acquiring an additional 337,680 shares during the last quarter. Logan Stone Capital LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 21.8% during the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after purchasing an additional 37,363 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in The Gabelli Dividend & Income Trust by 21.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 184,946 shares of the financial services provider’s stock valued at $4,200,000 after purchasing an additional 32,553 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in The Gabelli Dividend & Income Trust by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after purchasing an additional 4,689 shares during the period.

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.