Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Significant Increase in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 12,117 shares, an increase of 1,435.7% from the March 31st total of 789 shares. Based on an average daily trading volume, of 4,276 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 comprises about 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th largest position.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.0%

Shares of GAINN opened at $24.98 on Friday. The stock has a 50 day simple moving average of $25.10 and a two-hundred day simple moving average of $25.07. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1 year low of $24.57 and a 1 year high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders 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 of this dividend 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.