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

The Gabelli Dividend & Income Trust (NYSE:GDV – Get Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 8,600 shares, a growth of 68.6% from the April 15th total of 5,100 shares. Based on an average daily volume of 184,100 shares, the days-to-cover ratio is currently 0.0 days.

The Gabelli Dividend & Income Trust stock opened at $21.62 on Friday. The company’s 50 day simple moving average is $23.56 and its 200 day simple moving average is $25.12. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.65 and a fifty-two week high of $27.61.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 23rd. Investors of record on Wednesday, June 15th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.11%. The ex-dividend date is Tuesday, June 14th.

In other The Gabelli Dividend & Income Trust news, President Bruce N. Alpert bought 4,000 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Monday, March 14th. The shares were bought at an average price of $21.05 per share, with a total value of $84,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in The Gabelli Dividend & Income Trust by 7.2% in the fourth quarter. Bank of America Corp DE now owns 2,162,442 shares of the financial services provider’s stock valued at $58,386,000 after buying an additional 145,183 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in The Gabelli Dividend & Income Trust in the first quarter valued at approximately $3,501,000. Wolverine Asset Management LLC lifted its stake in The Gabelli Dividend & Income Trust by 458.9% in the first quarter. Wolverine Asset Management LLC now owns 172,152 shares of the financial services provider’s stock valued at $4,241,000 after buying an additional 141,350 shares in the last quarter. Shaker Financial Services LLC lifted its stake in The Gabelli Dividend & Income Trust by 41.7% in the fourth quarter. Shaker Financial Services LLC now owns 367,756 shares of the financial services provider’s stock valued at $9,929,000 after buying an additional 108,197 shares in the last quarter. Finally, Cornerstone Advisors LLC bought a new position in The Gabelli Dividend & Income Trust in the first quarter valued at approximately $2,204,000.

About The Gabelli Dividend & Income Trust (Get Rating)

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.

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