Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Sees Significant Increase in Short Interest

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 2,014 shares, an increase of 92.7% from the April 30th total of 1,045 shares. Based on an average daily volume of 1,113 shares, the days-to-cover ratio is presently 1.8 days.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Down 0.3%

GECCI opened at $25.37 on Tuesday. The stock has a fifty day simple moving average of $25.34 and a two-hundred day simple moving average of $25.31. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 12-month low of $24.87 and a 12-month high of $25.72.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.5313 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 8.4%. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. acquired a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.