The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Update

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 24,300 shares, a growth of 44.6% from the October 15th total of 16,800 shares. Based on an average daily volume of 155,700 shares, the short-interest ratio is presently 0.2 days.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

GDV stock traded down $0.05 during midday trading on Friday, reaching $24.50. 139,632 shares of the company’s stock traded hands, compared to its average volume of 163,167. The company has a 50-day simple moving average of $24.37 and a two-hundred day simple moving average of $23.44. The Gabelli Dividend & Income Trust has a 1-year low of $19.52 and a 1-year high of $25.33.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be paid a $0.11 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.32 annualized dividend and a dividend yield of 5.39%.

Insider Buying and Selling

In related news, insider Mario J. Gabelli bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 3,134,000 shares of company stock valued at $31,369,800.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in GDV. International Assets Investment Management LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 337,680 shares during the last quarter. Cornerstone Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after acquiring an additional 239,758 shares in the last quarter. Sanctuary Advisors LLC bought a new position in The Gabelli Dividend & Income Trust during the second quarter worth about $3,212,000. Private Advisor Group LLC lifted its holdings in The Gabelli Dividend & Income Trust by 746.7% during the second quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after acquiring an additional 144,107 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in The Gabelli Dividend & Income Trust during the third quarter worth about $3,138,000.

About The Gabelli Dividend & Income Trust

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.