The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Report for October

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,841 shares, a drop of 55.9% from the September 30th total of 8,700 shares. Based on an average daily volume of 79,053 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDV. Allspring Global Investments Holdings LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 8.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock worth $20,004,000 after purchasing an additional 55,550 shares during the period. Bank of America Corp DE purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $14,637,000. Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $7,710,000. Shaker Financial Services LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 35.9% during the 3rd quarter. Shaker Financial Services LLC now owns 222,969 shares of the financial services provider’s stock worth $6,308,000 after purchasing an additional 58,949 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in The Gabelli Dividend & Income Trust by 9.1% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 189,491 shares of the financial services provider’s stock valued at $5,361,000 after purchasing an additional 15,746 shares during the last quarter.

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV traded down $0.21 on Friday, hitting $28.48. The company’s stock had a trading volume of 86,206 shares, compared to its average volume of 109,416. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $31.00. The stock has a fifty day moving average of $29.08 and a two-hundred day moving average of $28.96.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments.

GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.