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 recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a drop of 22.2% from the March 15th total of 1,800 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

GAINN traded down $0.13 on Monday, reaching $24.75. 18,498 shares of the stock were exchanged, compared to its average volume of 7,927. The company’s 50-day moving average price is $24.88 and its 200 day moving average price is $24.70. Gladstone Investment Co. 5.00% Notes Due 2026 has a fifty-two week low of $23.85 and a fifty-two week high of $25.28.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.05%.

About Gladstone Investment Co. 5.00% Notes Due 2026

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.