The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 58.0% in August

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 13,900 shares, an increase of 58.0% from the July 31st total of 8,800 shares. Based on an average trading volume of 160,700 shares, the days-to-cover ratio is presently 0.1 days.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli purchased 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $22.91 per share, with a total value of $75,144.80. Following the purchase, the insider now owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have acquired 4,200 shares of company stock worth $95,528.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 223.5% during the 4th quarter. CWM LLC now owns 4,633 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 3,201 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 40.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 600 shares during the period. Private Advisor Group LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 36.1% in the 4th quarter. Private Advisor Group LLC now owns 18,784 shares of the financial services provider’s stock worth $406,000 after buying an additional 4,986 shares in the last quarter. SMH Capital Advisors Inc. bought a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $209,000. Finally, Bogart Wealth LLC grew its position in The Gabelli Dividend & Income Trust by 31.4% in the fourth quarter. Bogart Wealth LLC now owns 4,184 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,000 shares during the period.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock traded up $0.10 on Friday, reaching $24.06. The stock had a trading volume of 200,815 shares, compared to its average volume of 167,551. The business’s 50-day moving average price is $23.19 and its two-hundred day moving average price is $22.67. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.09.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Friday, December 13th.

The Gabelli Dividend & Income Trust Company Profile

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.