Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Short Interest Down 47.8% in April

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,045 shares, a decrease of 47.8% from the April 15th total of 2,001 shares. Based on an average trading volume of 2,495 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. acquired a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.3%

Shares of NASDAQ GECCI traded up $0.07 on Monday, reaching $25.49. 1,937 shares of the company traded hands, compared to its average volume of 3,621. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a fifty-two week low of $24.87 and a fifty-two week high of $25.72. The company has a 50 day moving average of $25.31 and a 200 day moving average of $25.30.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5313 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.3%. This is an increase from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.