The GDL Fund (NYSE:GDL) Short Interest Update

The GDL Fund (NYSE:GDL) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,800 shares, an increase of 71.2% from the February 13th total of 10,400 shares. Based on an average daily volume of 18,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of The GDL Fund

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in The GDL Fund by 98.9% during the 4th quarter. Wells Fargo & Company MN now owns 59,166 shares of the investment management company’s stock worth $475,000 after acquiring an additional 29,423 shares during the period. Envestnet Asset Management Inc. grew its holdings in The GDL Fund by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 97,327 shares of the investment management company’s stock worth $781,000 after acquiring an additional 3,519 shares during the period. Gamco Investors INC. ET AL grew its holdings in The GDL Fund by 40.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 441,040 shares of the investment management company’s stock worth $3,537,000 after acquiring an additional 126,300 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The GDL Fund during the 4th quarter worth $14,810,000. Finally, Independent Advisor Alliance acquired a new position in shares of The GDL Fund in the 4th quarter valued at $4,920,000.

The GDL Fund Stock Up 0.3 %

GDL opened at $8.34 on Monday. The company has a fifty day moving average price of $8.25 and a two-hundred day moving average price of $8.15. The GDL Fund has a 52 week low of $7.76 and a 52 week high of $8.40.

The GDL Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Monday, March 17th.

The GDL Fund Company Profile

The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.