The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Jumps 186.0%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,411 shares, an increase of 186.0% from the August 31st total of 3,640 shares. Based on an average daily trading volume, of 112,464 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in The Gabelli Dividend & Income Trust by 142.3% in the first quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 777 shares during the last quarter. Allied Private Wealth LLC bought a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter valued at about $40,000. Hilton Head Capital Partners LLC purchased a new stake in The Gabelli Dividend & Income Trust during the fourth quarter valued at about $44,000. Kilter Group LLC bought a new position in The Gabelli Dividend & Income Trust during the second quarter worth about $47,000. Finally, Navigoe LLC bought a new position in The Gabelli Dividend & Income Trust during the second quarter worth about $57,000.

The Gabelli Dividend & Income Trust Stock Performance

GDV traded down $0.25 during midday trading on Monday, reaching $28.70. 39,734 shares of the company were exchanged, compared to its average volume of 112,318. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $31.00. The company’s fifty day moving average price is $29.89 and its 200 day moving average price is $29.12.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 11th. This represents a $1.80 annualized dividend and a yield of 6.3%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company that seeks to provide investors with a combination of current income and long-term capital appreciation. The fund primarily invests in dividend-paying common stocks and other income-producing securities.

Its portfolio may include preferred stocks, convertible securities, corporate debt and other equity or income-oriented investments. The trust generally emphasizes companies with established businesses, durable competitive positions and the potential to return capital to shareholders through dividends or other distributions.

Established in 2003, the Gabelli Dividend & Income Trust invests across a range of industries and may hold securities issued by companies in the United States and other countries.