Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Significant Increase in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 11,200 shares, a growth of 6.7% from the October 15th total of 10,500 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 3.7 days.

Gladstone Investment Co. 4.875% Notes due 2028 Trading Down 1.6 %

Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.38 during midday trading on Tuesday, reaching $23.20. 1,785 shares of the company’s stock were exchanged, compared to its average volume of 3,495. Gladstone Investment Co. 4.875% Notes due 2028 has a 52 week low of $22.18 and a 52 week high of $24.72. The stock’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $23.19.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.3047 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.22 annualized dividend and a yield of 5.25%.

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.