The Gabelli Dividend & Income Trust (NYSE:GDV) Sees Large Growth in Short Interest

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 28,200 shares, an increase of 16.0% from the October 31st total of 24,300 shares. Based on an average daily volume of 154,600 shares, the short-interest ratio is presently 0.2 days.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock traded up $0.29 during trading hours on Friday, reaching $25.59. The stock had a trading volume of 70,485 shares, compared to its average volume of 162,800. The Gabelli Dividend & Income Trust has a 52 week low of $20.22 and a 52 week high of $25.59. The company has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $23.65.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Monday, March 17th.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average price of $24.90 per share, with a total value of $49,800.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This trade represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 3,134,000 shares of company stock valued at $31,369,800.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of large investors have recently added to or reduced their stakes in GDV. 180 Wealth Advisors LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 5.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 40,508 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 2,190 shares during the period. International Assets Investment Management LLC lifted 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 period. Brookstone Capital Management lifted its position in shares of The Gabelli Dividend & Income Trust by 3.7% in the 2nd quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 551 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 1.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 1,067 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after purchasing an additional 721 shares during the period.

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.