Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Up 130.8% in October

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,000 shares, an increase of 130.8% from the October 15th total of 1,300 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is presently 0.7 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Price Performance

GAINN stock traded down $0.05 during trading on Friday, reaching $24.40. The company had a trading volume of 5,193 shares, compared to its average volume of 4,314. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52 week low of $23.25 and a 52 week high of $25.28. The business has a 50 day moving average of $24.67 and a 200 day moving average of $24.38.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.