Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 2,751 shares, a drop of 53.9% from the July 30th total of 5,968 shares. Based on an average daily volume of 14,890 shares, the short-interest ratio is presently 0.2 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.1%

GAINZ stock traded down $0.02 during midday trading on Friday, hitting $24.30. The stock had a trading volume of 257 shares, compared to its average volume of 5,408. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $23.56 and a 12-month high of $24.50. The company’s 50-day moving average price is $24.06 and its 200 day moving average price is $24.06.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th were paid a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.