Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Up 8.3% in December

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,200 shares, an increase of 8.3% from the December 15th total of 4,800 shares. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is presently 0.4 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Price Performance

Shares of GAINN stock opened at $24.55 on Tuesday. The company’s 50 day moving average is $24.62 and its 200 day moving average is $24.54. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52-week low of $23.41 and a 52-week high of $25.28.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be paid a $0.3125 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.25 annualized dividend and a yield of 5.09%.

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.