Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Update

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 514 shares, a decrease of 66.8% from the February 26th total of 1,549 shares. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 0.5 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

GAINN stock traded down $0.01 during trading hours on Wednesday, reaching $25.12. The stock had a trading volume of 396 shares, compared to its average volume of 3,046. The stock has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $25.08. Gladstone Investment Co. 5.00% Notes Due 2026 has a fifty-two week low of $24.57 and a fifty-two week high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

An institutional investor recently bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new position in shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 comprises 2.8% of Karpus Management Inc.’s holdings, making the stock its 12th biggest holding.

Gladstone Investment Co. 5.00% Notes Due 2026 Company Profile

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.