Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Up 144.2% in April

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 29,588 shares, a growth of 144.2% from the April 15th total of 12,117 shares. Based on an average daily trading volume, of 7,772 shares, the short-interest ratio is currently 3.8 days.

Institutional Trading of Gladstone Investment Co. 5.00% Notes Due 2026

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

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 0.4%

Shares of Gladstone Investment Co. 5.00% Notes Due 2026 stock traded down $0.09 on Friday, hitting $25.04. The stock had a trading volume of 1,969 shares, compared to its average volume of 4,167. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $24.57 and a 52-week high of $25.46. The company’s 50 day moving average price is $25.09 and its 200 day moving average price is $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was 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.