Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Update

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 514 shares, a decline of 66.8% from the February 26th total of 1,549 shares. Based on an average daily trading volume, of 1,065 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 accounts for 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th largest holding.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Up 0.1%

Shares of GAINN traded up $0.03 on Thursday, reaching $25.14. 1,720 shares of the company’s stock were exchanged, compared to its average volume of 3,018. The business has a 50 day moving average price of $25.05 and a two-hundred day moving average price of $25.08. Gladstone Investment Co. 5.00% Notes Due 2026 has a 12 month low of $24.57 and a 12 month high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.