Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,751 shares, a decline of 53.9% from the July 30th total of 5,968 shares. Based on an average daily trading volume, of 14,890 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.02 during trading hours on Friday, hitting $24.30. The company’s stock had a trading volume of 257 shares, compared to its average volume of 5,408. The business has a fifty day moving average of $24.06 and a 200 day moving average of $24.06. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $23.56 and a 1-year high of $24.50.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th were given a $0.3047 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.22 annualized dividend and a yield of 5.0%.

About Gladstone Investment Co. 4.875% Notes due 2028

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.