Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Rises By 34.5%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 38,600 shares, a growth of 34.5% from the February 13th total of 28,700 shares. Based on an average daily volume of 140,300 shares, the short-interest ratio is currently 0.3 days.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now directly owns 145,812 shares in the company, valued at approximately $3,620,511.96. This represents a 1.60 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Trading of The Gabelli Dividend & Income Trust

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 17.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 44,625 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 6,625 shares during the last quarter. MGB Wealth Management LLC bought a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at $209,000. Larson Financial Group LLC increased its position in The Gabelli Dividend & Income Trust by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 2,800 shares during the period. Capstone Investment Advisors LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth $3,138,000. Finally, HighTower Advisors LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 94,799 shares of the financial services provider’s stock worth $2,320,000 after purchasing an additional 5,541 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV traded up $0.40 during trading on Friday, reaching $23.87. 108,784 shares of the company traded hands, compared to its average volume of 149,702. The Gabelli Dividend & Income Trust has a 52-week low of $21.44 and a 52-week high of $25.67. The business’s fifty day moving average is $24.67 and its 200-day moving average is $24.56.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

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.