Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Large Increase in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 397 shares, a growth of 36.4% from the November 30th total of 291 shares. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,876 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.3%

NASDAQ GAINN traded down $0.07 during trading hours on Tuesday, hitting $25.13. 3,172 shares of the stock were exchanged, compared to its average volume of 7,028. Gladstone Investment Co. 5.00% Notes Due 2026 has a 12-month low of $24.50 and a 12-month high of $25.46. The stock has a 50-day moving average of $25.08 and a 200 day moving average of $25.05.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were paid a $0.3125 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%.

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.