The GDL Fund (NYSE:GDL – Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 17,800 shares, a growth of 71.2% from the February 13th total of 10,400 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is currently 1.0 days.
The GDL Fund Trading Up 0.3 %
Shares of The GDL Fund stock traded up $0.03 on Friday, hitting $8.34. 21,973 shares of the company’s stock were exchanged, compared to its average volume of 11,614. The company has a 50-day simple moving average of $8.25 and a 200-day simple moving average of $8.15. The GDL Fund has a 1 year low of $7.76 and a 1 year high of $8.40.
The GDL Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.76%.
Institutional Trading of The GDL Fund
About The GDL Fund
The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.
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