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) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 860 shares, an increase of 116.6% from the December 15th total of 397 shares. Based on an average daily trading volume, of 2,257 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 2,257 shares, the days-to-cover ratio is presently 0.4 days.

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

Shares of GAINN traded down $0.02 during mid-day trading on Wednesday, reaching $25.19. 272 shares of the stock traded hands, compared to its average volume of 4,630. The stock has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $25.06. Gladstone Investment Co. 5.00% Notes Due 2026 has a 12-month low of $24.50 and a 12-month high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Shareholders of record on Wednesday, October 15th were issued a $0.3125 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.25 dividend on an annualized basis and a 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.