The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 52.2% in May

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 38,836 shares, a decline of 52.2% from the April 30th total of 81,279 shares. Based on an average daily volume of 105,657 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Dividend & Income Trust Stock Up 0.0%

GDV traded up $0.01 during trading on Tuesday, reaching $29.20. 131,319 shares of the stock were exchanged, compared to its average volume of 123,006. The business’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $28.16. The Gabelli Dividend & Income Trust has a 1 year low of $24.57 and a 1 year high of $29.58.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, September 16th.

Institutional Trading of The Gabelli Dividend & Income Trust

A number of institutional investors have recently bought and sold shares of GDV. Evolve Private Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust during the fourth quarter worth $2,978,000. &PARTNERS boosted its stake in shares of The Gabelli Dividend & Income Trust by 126.5% during the fourth quarter. &PARTNERS now owns 130,667 shares of the financial services provider’s stock valued at $3,629,000 after acquiring an additional 72,980 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of The Gabelli Dividend & Income Trust by 6,456.0% during the first quarter. Fifth Third Bancorp now owns 65,560 shares of the financial services provider’s stock valued at $1,766,000 after acquiring an additional 64,560 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 12.1% during the fourth quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after acquiring an additional 61,113 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 8.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock valued at $20,004,000 after acquiring an additional 55,550 shares during the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.