The Gabelli Dividend & Income Trust (NYSE:GDV) Sees Large Decline in Short Interest

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 22,500 shares, a decline of 33.6% from the May 31st total of 33,900 shares. Based on an average daily volume of 149,200 shares, the days-to-cover ratio is currently 0.2 days.

The Gabelli Dividend & Income Trust Stock Up 0.0 %

NYSE GDV traded up $0.01 during trading hours on Friday, hitting $22.71. 144,160 shares of the company’s stock traded hands, compared to its average volume of 167,192. The Gabelli Dividend & Income Trust has a 52-week low of $18.04 and a 52-week high of $23.05. The firm’s 50-day moving average is $22.49 and its 200-day moving average is $22.11.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 17th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.81%. The ex-dividend date is Wednesday, July 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 19,299 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 515 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in The Gabelli Dividend & Income Trust by 40.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 600 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in The Gabelli Dividend & Income Trust by 5.9% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 623 shares during the period. Bogart Wealth LLC lifted its stake in The Gabelli Dividend & Income Trust by 31.4% during the fourth quarter. Bogart Wealth LLC now owns 4,184 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of The Gabelli Dividend & Income Trust by 0.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 147,004 shares of the financial services provider’s stock worth $3,181,000 after buying an additional 1,155 shares during the period.

The Gabelli Dividend & Income Trust Company Profile

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.