The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 18.5% in December

The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 15,400 shares, an increase of 18.5% from the December 15th total of 13,000 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 0.1 days.

The Gabelli Dividend & Income Trust Stock Up 2.0 %

NYSE GDV opened at $21.36 on Friday. The Gabelli Dividend & Income Trust has a one year low of $18.28 and a one year high of $26.08. The stock’s 50-day moving average is $21.17 and its 200-day moving average is $20.93.

The Gabelli Dividend & Income Trust Increases Dividend

The company also recently disclosed a None dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 30th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, December 29th. This is an increase from The Gabelli Dividend & Income Trust’s previous None dividend of $0.06. This represents a dividend yield of 6.4%.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $20.41, for a total transaction of $30,615.00. Following the sale, the insider now owns 139,313 shares of the company’s stock, valued at $2,843,378.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Prospera Financial Services Inc bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter worth about $632,000. Capital Investment Advisory Services LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 1.8% during the second quarter. Capital Investment Advisory Services LLC now owns 43,205 shares of the financial services provider’s stock worth $884,000 after buying an additional 770 shares in the last quarter. Karpus Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 9.1% during the second quarter. Karpus Management Inc. now owns 1,104,766 shares of the financial services provider’s stock worth $22,592,000 after buying an additional 92,252 shares in the last quarter. Bank of Montreal Can grew its stake in The Gabelli Dividend & Income Trust by 9.1% in the second quarter. Bank of Montreal Can now owns 35,497 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Walker Asset Management LLC bought a new position in The Gabelli Dividend & Income Trust in the second quarter valued at approximately $3,714,000.

The Gabelli Dividend & Income Trust Company Profile

(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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