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

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 70,000 shares, a growth of 81.3% from the February 28th total of 38,600 shares. Based on an average trading volume of 138,300 shares, the short-interest ratio is currently 0.5 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV traded down $0.17 during mid-day trading on Friday, hitting $24.13. 113,505 shares of the company’s stock were exchanged, compared to its average volume of 149,233. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67. The business’s 50 day moving average is $24.65 and its two-hundred day moving average is $24.58.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the purchase, the insider now directly owns 145,812 shares in the company, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently modified their holdings of the stock. IFP Advisors Inc raised its position in The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,126 shares during the last quarter. MML Investors Services LLC boosted its holdings in The Gabelli Dividend & Income Trust by 3.6% in the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 488 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $278,000. HighTower Advisors LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 94,799 shares of the financial services provider’s stock worth $2,320,000 after buying an additional 5,541 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $3,138,000.

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.