Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Sees Large Increase in Short Interest

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 23,000 shares, a growth of 25.0% from the October 15th total of 18,400 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 6.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Trading Up 1.1 %

NASDAQ:GAINL traded up $0.29 during midday trading on Friday, reaching $26.00. The company had a trading volume of 4,298 shares, compared to its average volume of 7,118. Gladstone Investment Co. 8.00% Notes due 2028 has a 12-month low of $25.12 and a 12-month high of $27.13. The stock’s fifty day simple moving average is $25.98 and its 200-day simple moving average is $25.78.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Wednesday, January 15th.

Gladstone Investment Co. 8.00% Notes due 2028 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.