The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Rises 186.0%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,411 shares, an increase of 186.0% from the August 31st total of 3,640 shares. Based on an average trading volume of 112,464 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of The Gabelli Dividend & Income Trust

Several large investors have recently added to or reduced their stakes in the business. Evolve Private Wealth LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth $2,978,000. Capstone Investment Advisors LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at $7,710,000. Silverlake Wealth Management LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth $2,559,000. Sequoia Financial Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth $617,000. Finally, Elevation Point Wealth Partners LLC bought a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth $896,000.

The Gabelli Dividend & Income Trust Trading Up 0.6%

NYSE:GDV traded up $0.18 on Friday, hitting $28.96. The stock had a trading volume of 91,192 shares, compared to its average volume of 112,698. The business’s 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $29.11. The Gabelli Dividend & Income Trust has a 52-week low of $26.14 and a 52-week high of $31.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company that seeks to provide investors with a combination of current income and long-term capital appreciation. The fund primarily invests in dividend-paying common stocks and other income-producing securities.

Its portfolio may include preferred stocks, convertible securities, corporate debt and other equity or income-oriented investments. The trust generally emphasizes companies with established businesses, durable competitive positions and the potential to return capital to shareholders through dividends or other distributions.

Established in 2003, the Gabelli Dividend & Income Trust invests across a range of industries and may hold securities issued by companies in the United States and other countries.