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

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 29,588 shares, an increase of 144.2% from the April 15th total of 12,117 shares. Based on an average daily trading volume, of 7,772 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Trading of 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 stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 accounts for approximately 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest position.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

Shares of GAINN stock traded down $0.09 during midday trading on Friday, hitting $25.04. 1,969 shares of the company were exchanged, compared to its average volume of 4,167. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52 week low of $24.57 and a 52 week high of $25.46. The firm’s 50 day moving average price is $25.09 and its two-hundred day moving average price is $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, April 15th.

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.