Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Significant Increase in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,400 shares, an increase of 10.6% from the August 15th total of 8,500 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 3.4 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.9 %

GAINN traded up $0.23 during midday trading on Wednesday, hitting $25.08. 2,851 shares of the company were exchanged, compared to its average volume of 3,986. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1-year low of $23.06 and a 1-year high of $25.08. The firm’s 50 day moving average price is $24.35 and its 200-day moving average price is $24.19.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 15th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Monday, July 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.