Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Drops By 48.5%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,429 shares, a decrease of 48.5% from the July 15th total of 10,536 shares. Based on an average daily trading volume, of 89,891 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently bought and sold shares of the business. Indivisible Partners bought a new stake in The Gabelli Dividend & Income Trust during the fourth quarter worth approximately $491,000. Evolve Private Wealth LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at approximately $2,978,000. Shaker Financial Services LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 39,211 shares during the last quarter. Silverlake Wealth Management LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $2,559,000. Finally, Fifth Third Bancorp increased its position in shares of The Gabelli Dividend & Income Trust by 6,456.0% during the 1st quarter. Fifth Third Bancorp now owns 65,560 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 64,560 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

NYSE GDV traded down $0.11 during trading on Friday, hitting $30.78. 72,480 shares of the stock traded hands, compared to its average volume of 116,174. The Gabelli Dividend & Income Trust has a 12-month low of $26.14 and a 12-month high of $31.00. The firm has a 50-day simple moving average of $29.61 and a 200-day simple moving average of $28.92.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, December 11th.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.