The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Report for October

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 11,577 shares, a growth of 201.4% from the October 15th total of 3,841 shares. Based on an average trading volume of 94,161 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV traded down $0.14 during mid-day trading on Friday, hitting $29.05. 58,672 shares of the company’s stock traded hands, compared to its average volume of 108,853. The firm has a 50 day moving average of $28.78 and a two-hundred day moving average of $28.98. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 24th. Investors of record on Wednesday, March 17th will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, March 17th.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDV. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at $7,710,000. Sequoia Financial Advisors LLC bought a new position in The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $617,000. Shaker Financial Services LLC lifted its holdings in The Gabelli Dividend & Income Trust by 35.9% during the 3rd quarter. Shaker Financial Services LLC now owns 222,969 shares of the financial services provider’s stock valued at $6,308,000 after purchasing an additional 58,949 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in The Gabelli Dividend & Income Trust in the second quarter valued at about $2,559,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in The Gabelli Dividend & Income Trust during the second quarter worth about $896,000.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments. GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.