Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Rises By 23.9%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,800 shares, an increase of 23.9% from the February 28th total of 7,100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 1.8 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of Gladstone Investment Co. 4.875% Notes due 2028 stock opened at $23.29 on Thursday. The firm has a fifty day simple moving average of $23.28 and a 200-day simple moving average of $23.44. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $22.45 and a 1-year high of $24.16.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.3047 per share. This represents a $1.22 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Tuesday, April 15th.

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.