The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 11,577 shares, a growth of 201.4% from the October 15th total of 3,841 shares. Based on an average daily volume of 94,161 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On The Gabelli Dividend & Income Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 142.3% during the first quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 777 shares during the last quarter. Allied Private Wealth LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $40,000. Kilter Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $47,000. Russell Investments Group Ltd. boosted its stake in The Gabelli Dividend & Income Trust by 222.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,808 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Navigoe LLC acquired a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $57,000.
The Gabelli Dividend & Income Trust Trading Down 0.5%
Shares of NYSE GDV traded down $0.14 during trading hours on Friday, hitting $29.05. 58,672 shares of the stock were exchanged, compared to its average volume of 108,853. The firm has a fifty day moving average price of $28.78 and a 200-day moving average price of $28.98. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00.
The Gabelli Dividend & Income Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 24th. Investors of record on Wednesday, March 17th will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 17th.
About The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments. GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.
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