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

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,861 shares, a growth of 375.2% from the December 15th total of 1,023 shares. Based on an average daily volume of 4,486 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 4,486 shares, the days-to-cover ratio is currently 1.1 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.0%

Gladstone Investment Co. 4.875% Notes due 2028 stock opened at $24.19 on Thursday. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $22.21 and a 12-month high of $24.25. The firm’s 50-day moving average is $23.92 and its two-hundred day moving average is $23.75.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were given a dividend of $0.3047 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.