Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Short Interest Up 25.0% in October

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the recipient of a significant growth in short interest in 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 trading volume of 3,800 shares, the days-to-cover ratio is presently 6.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 1.1 %

Shares of NASDAQ GAINL traded up $0.29 during midday trading on Friday, hitting $26.00. The company had a trading volume of 4,298 shares, compared to its average volume of 7,118. Gladstone Investment Co. 8.00% Notes due 2028 has a twelve month low of $25.12 and a twelve month high of $27.13. The business has a 50-day simple moving average of $25.98 and a two-hundred day simple moving average of $25.78.

Gladstone Investment Co. 8.00% Notes due 2028 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.00 dividend on an annualized basis 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.