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

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 397 shares, a growth of 36.4% from the November 30th total of 291 shares. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.3%

Gladstone Investment Co. 5.00% Notes Due 2026 stock traded down $0.07 during midday trading on Tuesday, reaching $25.13. The stock had a trading volume of 3,172 shares, compared to its average volume of 7,028. The firm’s fifty day simple moving average is $25.08 and its two-hundred day simple moving average is $25.05. Gladstone Investment Co. 5.00% Notes Due 2026 has a twelve month low of $24.50 and a twelve month high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, October 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.