The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 28.9% in September

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 9,600 shares, a drop of 28.9% from the August 31st total of 13,500 shares. Based on an average daily volume of 132,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 132,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. WPG Advisers LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in The Gabelli Dividend & Income Trust by 380.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,326 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,050 shares during the period. Eastern Bank bought a new stake in The Gabelli Dividend & Income Trust in the 1st quarter valued at $35,000. Finally, Pinnacle Bancorp Inc. bought a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter valued at $37,000.

The Gabelli Dividend & Income Trust Trading Up 0.2%

Shares of NYSE GDV opened at $27.26 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $27.53. The stock has a 50 day moving average of $26.84 and a 200-day moving average of $25.38.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, November 13th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.