The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 47.0% in August

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,640 shares, a decrease of 47.0% from the August 15th total of 6,872 shares. Based on an average daily volume of 86,242 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently made changes to their positions in the company. Evolve Private Wealth LLC bought a new position in The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $2,978,000. Capstone Investment Advisors LLC bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter valued at $7,710,000. Silverlake Wealth Management LLC bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter valued at $2,559,000. Gamco Investors INC. ET AL boosted its position in The Gabelli Dividend & Income Trust by 126.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 34,000 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 19,000 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the second quarter worth $896,000.

The Gabelli Dividend & Income Trust Trading Up 0.4%

NYSE:GDV traded up $0.12 during midday trading on Thursday, reaching $29.13. 38,907 shares of the company traded hands, compared to its average volume of 113,577. The company has a fifty day moving average price of $30.01 and a 200 day moving average price of $29.09. The Gabelli Dividend & Income Trust has a twelve month low of $26.14 and a twelve month high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid 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 of this dividend is Friday, December 11th.

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.