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

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, a growth of 23.9% from the February 28th total of 7,100 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 1.8 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.5 %

NASDAQ:GAINZ traded down $0.11 during trading hours on Wednesday, reaching $23.29. 1,088 shares of the stock were exchanged, compared to its average volume of 3,860. Gladstone Investment Co. 4.875% Notes due 2028 has a twelve month low of $22.45 and a twelve month high of $24.16. The business has a 50-day moving average of $23.29 and a two-hundred day moving average of $23.44.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.3047 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Tuesday, April 15th.

About Gladstone Investment Co. 4.875% Notes due 2028

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.