The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 47.0% in August

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,640 shares, a decrease of 47.0% from the August 15th total of 6,872 shares. Based on an average daily volume of 86,242 shares, the days-to-cover ratio is presently 0.0 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock traded down $0.20 during trading on Wednesday, hitting $28.98. 98,918 shares of the stock traded hands, compared to its average volume of 114,001. The Gabelli Dividend & Income Trust has a 52 week low of $26.14 and a 52 week high of $31.00. The firm’s fifty day moving average is $30.01 and its 200-day moving average is $29.09.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GDV. Sequoia Financial Advisors LLC bought a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth $617,000. NewEdge Advisors LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 18.9% during the second quarter. NewEdge Advisors LLC now owns 38,241 shares of the financial services provider’s stock valued at $1,124,000 after acquiring an additional 6,083 shares during the last quarter. IFP Advisors Inc raised its stake in shares of The Gabelli Dividend & Income Trust by 26.6% during the second quarter. IFP Advisors Inc now owns 18,260 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 3,836 shares during the last quarter. NWF Advisory Services Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth about $220,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 16.4% during the second quarter. Concurrent Investment Advisors LLC now owns 10,622 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 1,495 shares during the period.

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.