Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Large Growth in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,408 shares, a growth of 389.4% from the September 15th total of 492 shares. Based on an average trading volume of 6,328 shares, the days-to-cover ratio is presently 0.4 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of GAINZ stock opened at $24.29 on Friday. The firm has a fifty day moving average of $24.22 and a two-hundred day moving average of $24.09. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $23.58 and a 1-year high of $24.50.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be paid a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, October 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Corporation is a publicly traded business development company that provides financing and makes equity investments in established lower-middle-market companies in the United States. The company focuses on businesses with stable operations and experienced management teams, seeking to support their growth, acquisitions, recapitalizations and ownership transitions.

Gladstone Investment generally invests through a combination of debt and equity securities. Its debt investments may include senior secured loans and other structured financing, while its equity investments may involve controlling interests in portfolio companies.