Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Large Drop in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 4,388 shares, a decline of 27.0% from the February 26th total of 6,007 shares. Based on an average daily trading volume, of 3,259 shares, the days-to-cover ratio is currently 1.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Shares of NASDAQ:GAINZ traded up $0.04 on Friday, hitting $23.99. The company’s stock had a trading volume of 660 shares, compared to its average volume of 5,086. The company has a 50-day simple moving average of $24.03 and a 200 day simple moving average of $23.93. Gladstone Investment Co. 4.875% Notes due 2028 has a 1 year low of $22.21 and a 1 year high of $24.30.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, April 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.