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 growth in short interest during the month of April. As of April 30th, there was short interest totaling 29,588 shares, a growth of 144.2% from the April 15th total of 12,117 shares. Based on an average daily volume of 7,772 shares, the short-interest ratio is presently 3.8 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. purchased a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 portfolio, making the stock its 12th largest position.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.4%

NASDAQ:GAINN traded down $0.09 during mid-day trading on Friday, hitting $25.04. The stock had a trading volume of 1,969 shares, compared to its average volume of 4,167. Gladstone Investment Co. 5.00% Notes Due 2026 has a twelve month low of $24.57 and a twelve month high of $25.46. The company’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, April 15th.

Gladstone Investment Co. 5.00% Notes Due 2026 Company Profile

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.