The GDL Fund (NYSE:GDL) Short Interest Down 13.0% in January

The GDL Fund (NYSE:GDL) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,000 shares, a decrease of 13.0% from the January 15th total of 2,300 shares. Based on an average daily volume of 13,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of The GDL Fund

A number of large investors have recently bought and sold shares of GDL. Landscape Capital Management L.L.C. boosted its stake in The GDL Fund by 26.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 13,410 shares of the investment management company’s stock worth $109,000 after purchasing an additional 2,820 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of The GDL Fund in the 2nd quarter worth $176,000. Wells Fargo & Company MN lifted its stake in shares of The GDL Fund by 98.9% in the 4th quarter. Wells Fargo & Company MN now owns 59,166 shares of the investment management company’s stock worth $475,000 after acquiring an additional 29,423 shares during the period. Park Avenue Securities LLC lifted its stake in shares of The GDL Fund by 8.1% in the 4th quarter. Park Avenue Securities LLC now owns 90,208 shares of the investment management company’s stock worth $723,000 after acquiring an additional 6,736 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of The GDL Fund by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 97,327 shares of the investment management company’s stock worth $781,000 after acquiring an additional 3,519 shares during the period.

The GDL Fund Stock Up 0.3 %

NYSE:GDL traded up $0.02 during trading hours on Friday, reaching $8.33. 300,141 shares of the company’s stock were exchanged, compared to its average volume of 24,968. The company has a 50-day moving average of $8.12 and a 200 day moving average of $8.11. The GDL Fund has a 1-year low of $7.72 and a 1-year high of $8.35.

The GDL Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Monday, March 17th.

About The GDL Fund

The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.