The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 38,600 shares, an increase of 34.5% from the February 13th total of 28,700 shares. Based on an average daily volume of 140,300 shares, the short-interest ratio is presently 0.3 days.
The Gabelli Dividend & Income Trust Stock Up 0.7 %
GDV traded up $0.17 during midday trading on Monday, hitting $23.99. 93,984 shares of the company were exchanged, compared to its average volume of 149,479. The Gabelli Dividend & Income Trust has a 1-year low of $21.44 and a 1-year high of $25.67. The firm’s 50 day moving average price is $24.66 and its 200-day moving average price is $24.56.
The Gabelli Dividend & Income Trust Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.
Insider Activity
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in The Gabelli Dividend & Income Trust by 17.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 44,625 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 6,625 shares during the period. MGB Wealth Management LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter worth $209,000. Larson Financial Group LLC increased its position in The Gabelli Dividend & Income Trust by 233.3% in the third quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock worth $98,000 after buying an additional 2,800 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter worth $3,138,000. Finally, HighTower Advisors LLC increased its position in The Gabelli Dividend & Income Trust by 6.2% in the third quarter. HighTower Advisors LLC now owns 94,799 shares of the financial services provider’s stock worth $2,320,000 after buying an additional 5,541 shares during the last quarter.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.
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