The Gabelli Dividend & Income Trust (NYSE:GDV) Sees Significant Decrease in Short Interest

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 38,836 shares, a decline of 52.2% from the April 30th total of 81,279 shares. Based on an average daily trading volume, of 105,657 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of The Gabelli Dividend & Income Trust

Several institutional investors have recently modified their holdings of the stock. Dakota Wealth Management lifted its position in shares of The Gabelli Dividend & Income Trust by 0.9% during the 4th quarter. Dakota Wealth Management now owns 37,970 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 352 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 2.6% in the 1st quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 406 shares during the period. Gables Capital Management Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 3.0% in the 1st quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 500 shares during the period. MRA Advisory Group increased its holdings in shares of The Gabelli Dividend & Income Trust by 6.5% in the 4th quarter. MRA Advisory Group now owns 10,074 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 615 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of 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 acquiring an additional 633 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $29.20 on Wednesday. The Gabelli Dividend & Income Trust has a twelve month low of $24.57 and a twelve month high of $29.58. The firm has a 50 day simple moving average of $28.51 and a 200-day simple moving average of $28.16.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, September 16th.

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.