Short Interest in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Declines By 47.8%

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,045 shares, a drop of 47.8% from the April 15th total of 2,001 shares. Based on an average trading volume of 2,495 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. acquired a new stake in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock traded down $0.06 during trading on Friday, hitting $25.34. The stock had a trading volume of 460 shares, compared to its average volume of 3,644. The stock has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $25.30. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 1 year low of $24.87 and a 1 year high of $25.72.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.5253 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 8.3%.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.