Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Large Decrease in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 7,100 shares, a decrease of 33.6% from the February 13th total of 10,700 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is currently 1.4 days.

Gladstone Investment Co. 4.875% Notes due 2028 Trading Down 0.2 %

Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.04 during mid-day trading on Friday, reaching $23.14. The stock had a trading volume of 2,615 shares, compared to its average volume of 3,957. Gladstone Investment Co. 4.875% Notes due 2028 has a fifty-two week low of $22.45 and a fifty-two week high of $24.16. The stock’s 50-day simple moving average is $23.31 and its 200-day simple moving average is $23.43.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Wednesday, January 15th were given a $0.3047 dividend. This represents a $1.22 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Wednesday, January 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.