Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Down 10.6% in September

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 8,400 shares, a decline of 10.6% from the August 31st total of 9,400 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 2.8 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

NASDAQ:GAINN traded up $0.04 during mid-day trading on Friday, hitting $24.89. 3,488 shares of the stock were exchanged, compared to its average volume of 3,969. Gladstone Investment Co. 5.00% Notes Due 2026 has a fifty-two week low of $23.06 and a fifty-two week high of $25.28. The firm’s 50-day simple moving average is $24.46 and its 200 day simple moving average is $24.25.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, July 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.