The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 18.5% in December

The Gabelli Dividend & Income Trust (NYSE:GDV – Get Rating) was the target of a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 15,400 shares, an increase of 18.5% from the December 15th total of 13,000 shares. Based on an average daily trading volume, of 154,400 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In related news, insider Mario J. Gabelli sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $20.41, for a total transaction of $30,615.00. Following the transaction, the insider now directly owns 139,313 shares of the company’s stock, valued at approximately $2,843,378.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Trading of The Gabelli Dividend & Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the first quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 50.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,500 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter worth approximately $40,000. IFP Advisors Inc grew its holdings in shares of The Gabelli Dividend & Income Trust by 50.2% in the third quarter. IFP Advisors Inc now owns 2,238 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 748 shares in the last quarter. Finally, Romano Brothers AND Company bought a new position in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $52,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $21.36 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $18.28 and a 52 week high of $26.08. The business has a 50 day moving average price of $21.17 and a 200-day moving average price of $20.93.

The Gabelli Dividend & Income Trust Increases Dividend

The business also recently disclosed a None dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 30th were paid a $0.09 dividend. The ex-dividend date was Thursday, December 29th. This is an increase from The Gabelli Dividend & Income Trust’s previous None dividend of $0.06. This represents a dividend yield of 6.4%.

The Gabelli Dividend & Income Trust Company Profile

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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.