Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Drops By 76.1%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 10,356 shares, a decrease of 76.1% from the May 31st total of 43,301 shares. Based on an average trading volume of 145,253 shares, the days-to-cover ratio is presently 0.1 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $29.12 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $25.69 and a fifty-two week high of $29.58. The business has a 50-day moving average of $29.08 and a 200 day moving average of $28.42.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, September 16th.

Institutional Trading of The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Community Bank N.A. bought a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $30,000. Assetmark Inc. grew its stake in The Gabelli Dividend & Income Trust by 142.3% in the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after buying an additional 777 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $38,000. Finally, US Bancorp DE bought a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter valued at $43,000.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.