Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Short Interest Up 1,435.7% in April

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 12,117 shares, an increase of 1,435.7% from the March 31st total of 789 shares. Based on an average daily trading volume, of 4,276 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. acquired a new position in shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 makes up approximately 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest holding.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

Gladstone Investment Co. 5.00% Notes Due 2026 stock traded up $0.01 during midday trading on Friday, reaching $24.98. The company’s stock had a trading volume of 395 shares, compared to its average volume of 3,399. Gladstone Investment Co. 5.00% Notes Due 2026 has a 52 week low of $24.57 and a 52 week high of $25.46. The business has a 50-day moving average price of $25.10 and a 200-day moving average price of $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid 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 is 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.