Short Interest in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Drops By 47.8%

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,045 shares, a drop of 47.8% from the April 15th total of 2,001 shares. Based on an average trading volume of 2,495 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 116,338 shares of the company’s stock, valued at approximately $2,923,000.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Down 0.3%

Shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock traded down $0.06 during trading hours on Friday, hitting $25.34. 460 shares of the company’s stock traded hands, compared to its average volume of 3,644. The stock has a 50 day simple moving average of $25.31 and a 200-day simple moving average of $25.31. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a twelve month low of $24.87 and a twelve month high of $25.72.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.5253 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Monday, June 15th.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.