Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Declines By 48.5%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 5,429 shares, a decline of 48.5% from the July 15th total of 10,536 shares. Based on an average trading volume of 89,891 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently made changes to their positions in GDV. Capstone Investment Advisors LLC bought a new position in The Gabelli Dividend & Income Trust during the second quarter valued at approximately $7,710,000. Bank of America Corp DE acquired a new stake in The Gabelli Dividend & Income Trust in the second quarter valued at approximately $14,637,000. Fiduciary Financial Advisors bought a new stake in The Gabelli Dividend & Income Trust in the second quarter worth approximately $69,000. Sanctuary Advisors LLC bought a new stake in The Gabelli Dividend & Income Trust in the second quarter worth approximately $1,382,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth $896,000.

The Gabelli Dividend & Income Trust Stock Performance

GDV traded down $0.06 on Monday, reaching $30.70. 90,214 shares of the company traded hands, compared to its average volume of 116,007. The stock’s 50 day moving average price is $29.61 and its 200-day moving average price is $28.92. The Gabelli Dividend & Income Trust has a 52-week low of $26.14 and a 52-week high of $31.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.