Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Significant Decline in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decline of 33.3% from the February 28th total of 2,700 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.0 %

NASDAQ:GAINN traded up $0.01 during trading hours on Monday, hitting $24.91. 2,376 shares of the company were exchanged, compared to its average volume of 7,673. The company’s 50 day moving average price is $24.77 and its 200-day moving average price is $24.69. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $23.80 and a 52-week high of $25.28.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.25 dividend on an annualized basis and a yield of 5.02%.

Gladstone Investment Co. 5.00% Notes Due 2026 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.