Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Grows By 9.4%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 3,500 shares, an increase of 9.4% from the June 30th total of 3,200 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 1.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of NASDAQ GAINZ opened at $22.92 on Thursday. The stock has a fifty day simple moving average of $22.95 and a two-hundred day simple moving average of $22.88. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $21.38 and a 1-year high of $24.76.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Monday, July 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.