The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Short Interest Rises 186.0%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 10,411 shares, a growth of 186.0% from the August 31st total of 3,640 shares. Based on an average daily volume of 112,464 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of GDV. Sequoia Financial Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth $617,000. NewEdge Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 18.9% during the 2nd quarter. NewEdge Advisors LLC now owns 38,241 shares of the financial services provider’s stock valued at $1,124,000 after purchasing an additional 6,083 shares during the last quarter. IFP Advisors Inc grew its holdings in The Gabelli Dividend & Income Trust by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 18,260 shares of the financial services provider’s stock valued at $537,000 after buying an additional 3,836 shares in the last quarter. NWF Advisory Services Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth about $220,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 16.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,622 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 1,495 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Up 0.6%

NYSE GDV traded up $0.18 during trading hours on Friday, reaching $28.96. The company’s stock had a trading volume of 91,192 shares, compared to its average volume of 112,698. The firm’s 50-day moving average price is $29.89 and its 200-day moving average price is $29.11. The Gabelli Dividend & Income Trust has a 1 year low of $26.14 and a 1 year high of $31.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 11th.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company that seeks to provide investors with a combination of current income and long-term capital appreciation. The fund primarily invests in dividend-paying common stocks and other income-producing securities.

Its portfolio may include preferred stocks, convertible securities, corporate debt and other equity or income-oriented investments. The trust generally emphasizes companies with established businesses, durable competitive positions and the potential to return capital to shareholders through dividends or other distributions.

Established in 2003, the Gabelli Dividend & Income Trust invests across a range of industries and may hold securities issued by companies in the United States and other countries.