Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Drops By 48.5%

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,429 shares, a drop of 48.5% from the July 15th total of 10,536 shares. Based on an average trading volume of 89,891 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Compound Planning Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2.6% in the first quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 406 shares in the last quarter. Gables Capital Management Inc. raised its position in shares of The Gabelli Dividend & Income Trust by 3.0% during the 1st quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 500 shares during the last quarter. HighTower Advisors LLC lifted its stake in The Gabelli Dividend & Income Trust by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock valued at $1,629,000 after buying an additional 633 shares in the last quarter. Focus Partners Wealth lifted its stake in The Gabelli Dividend & Income Trust by 2.2% in the 3rd quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock valued at $954,000 after buying an additional 743 shares in the last quarter. Finally, Private Wealth Partners LLC grew its holdings in The Gabelli Dividend & Income Trust by 0.8% during the 1st quarter. Private Wealth Partners LLC now owns 94,859 shares of the financial services provider’s stock valued at $2,555,000 after buying an additional 750 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Down 0.5%

GDV traded down $0.15 during trading on Tuesday, reaching $30.48. 49,343 shares of the stock were exchanged, compared to its average volume of 115,582. The business’s 50 day moving average price is $29.65 and its two-hundred day moving average price is $28.93. The Gabelli Dividend & Income Trust has a 1 year low of $26.14 and a 1 year high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a $0.15 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.9%.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.