Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Update

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 789 shares, a growth of 53.5% from the March 15th total of 514 shares. Based on an average daily trading volume, of 3,516 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

An institutional investor recently bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. acquired a new position in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 makes up approximately 2.8% of Karpus Management Inc.’s holdings, making the stock its 12th largest position.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 1.2%

Shares of GAINN opened at $24.94 on Thursday. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1 year low of $24.57 and a 1 year high of $25.46. The business’s 50 day simple moving average is $25.11 and its 200-day simple moving average is $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, April 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.