The GDL Fund (NYSE:GDL) Sees Significant Decrease in Short Interest

The GDL Fund (NYSE:GDL) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 3,900 shares, a decline of 11.4% from the November 30th total of 4,400 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is presently 0.4 days.

The GDL Fund Stock Down 0.1 %

Shares of GDL opened at $8.01 on Monday. The stock’s 50 day moving average is $8.10 and its two-hundred day moving average is $8.04. The GDL Fund has a twelve month low of $7.72 and a twelve month high of $8.29.

The GDL Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.12 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC increased its holdings in The GDL Fund by 45.6% in the second quarter. Wolverine Asset Management LLC now owns 5,233 shares of the investment management company’s stock valued at $41,000 after buying an additional 1,638 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of The GDL Fund by 26.6% in 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 acquiring an additional 2,820 shares during the period. NewEdge Advisors LLC increased its stake in The GDL Fund by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 121,605 shares of the investment management company’s stock valued at $953,000 after purchasing an additional 4,613 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in The GDL Fund by 6.7% during the third quarter. Cornerstone Advisors LLC now owns 200,987 shares of the investment management company’s stock worth $1,638,000 after purchasing an additional 12,699 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in The GDL Fund during the second quarter worth $176,000.

The GDL Fund Company Profile

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.