Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Sees Significant Drop in Short Interest

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,023 shares, a drop of 84.3% from the November 30th total of 6,529 shares. Based on an average daily volume of 3,627 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 3,627 shares, the short-interest ratio is currently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Trading Down 0.3%

NASDAQ:GAINZ traded down $0.08 during midday trading on Wednesday, reaching $23.96. 181 shares of the stock traded hands, compared to its average volume of 4,592. The company has a fifty day moving average of $23.86 and a 200 day moving average of $23.66. Gladstone Investment Co. 4.875% Notes due 2028 has a 12 month low of $22.21 and a 12 month high of $24.09.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.3047 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 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.