Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,100 shares, a decline of 29.1% from the August 31st total of 8,600 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 1.4 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of Gladstone Investment Co. 4.875% Notes due 2028 stock opened at $23.98 on Monday. The business has a 50-day moving average price of $23.72 and a 200 day moving average price of $23.28. Gladstone Investment Co. 4.875% Notes due 2028 has a twelve month low of $22.21 and a twelve month high of $24.15.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Investors of record on Wednesday, October 15th will be issued a $0.3047 dividend. This represents a $1.22 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

About Gladstone Investment Co. 4.875% Notes due 2028

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.