The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Falls 55.9%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 3,841 shares, a decline of 55.9% from the September 30th total of 8,700 shares. Based on an average daily trading volume, of 79,053 shares, the days-to-cover ratio is currently 0.0 days.

The Gabelli Dividend & Income Trust Trading Down 0.7%

Shares of NYSE GDV traded down $0.21 during mid-day trading on Friday, reaching $28.48. The company had a trading volume of 86,206 shares, compared to its average volume of 109,416. The Gabelli Dividend & Income Trust has a 52-week low of $26.14 and a 52-week high of $31.00. The firm has a 50 day simple moving average of $29.08 and a two-hundred day simple moving average of $28.96.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, December 11th.

Hedge Funds 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. Integrity Alliance LLC. purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $310,000. Next Level Wealth Planning LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $69,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 9.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 189,491 shares of the financial services provider’s stock worth $5,361,000 after purchasing an additional 15,746 shares during the last quarter. SMH Capital Advisors Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $273,000. Finally, MGO One Seven LLC increased its stake in The Gabelli Dividend & Income Trust by 4.1% in the third quarter. MGO One Seven LLC now owns 25,961 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,011 shares during the last quarter.

The Gabelli Dividend & Income Trust Company Profile

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.