Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 111 shares, a decrease of 83.3% from the August 31st total of 665 shares. Based on an average trading volume of 1,849 shares, the short-interest ratio is currently 0.1 days.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance
Shares of NASDAQ:GECCI traded up $0.02 during trading hours on Friday, hitting $25.02. The stock had a trading volume of 718 shares, compared to its average volume of 2,870. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 1-year low of $24.95 and a 1-year high of $27.35. The stock’s fifty day simple moving average is $25.28 and its 200 day simple moving average is $25.29.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.5312 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. This represents a $2.12 annualized dividend and a dividend yield of 8.5%.
Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.
The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.
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