Short Interest in Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Increases By 25.0%

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 23,000 shares, an increase of 25.0% from the October 15th total of 18,400 shares. Based on an average daily trading volume, of 3,800 shares, the short-interest ratio is presently 6.1 days.

Gladstone Investment Co. 8.00% Notes due 2028 Stock Up 1.1 %

GAINL opened at $26.00 on Friday. Gladstone Investment Co. 8.00% Notes due 2028 has a 52 week low of $25.12 and a 52 week high of $27.13. The business’s 50 day moving average is $25.98 and its two-hundred day moving average is $25.78.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend is Wednesday, January 15th.

Gladstone Investment Co. 8.00% Notes due 2028 Company Profile

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.