Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,800 shares, an increase of 63.6% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is presently 0.4 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of NASDAQ:GAINZ opened at $22.50 on Friday. The company has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $22.62. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $20.40 and a 12-month high of $24.76.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be paid a $0.3047 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.42%.

About Gladstone Investment Co. 4.875% 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.