Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Short Interest Update

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 23,000 shares, a growth of 25.0% from the October 15th total of 18,400 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Performance

Shares of GAINL traded up $0.29 during midday trading on Friday, hitting $26.00. 4,298 shares of the company’s stock traded hands, compared to its average volume of 7,118. Gladstone Investment Co. 8.00% Notes due 2028 has a 1 year low of $25.12 and a 1 year high of $27.13. The firm’s fifty day moving average is $25.98 and its 200-day moving average is $25.78.

Gladstone Investment Co. 8.00% Notes due 2028 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.00 annualized dividend and a dividend yield of 7.69%.

About Gladstone Investment Co. 8.00% 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.