The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Shorted: Short Interest Down 55.9% in October

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,841 shares, a decrease of 55.9% from the September 30th total of 8,700 shares. Based on an average trading volume of 79,053 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of GDV. Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 55,550 shares during the period. Bank of America Corp DE acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $14,637,000. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $7,710,000. Shaker Financial Services LLC increased its stake in The Gabelli Dividend & Income Trust by 35.9% in the third quarter. Shaker Financial Services LLC now owns 222,969 shares of the financial services provider’s stock valued at $6,308,000 after acquiring an additional 58,949 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in The Gabelli Dividend & Income Trust by 9.1% in the third 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 acquiring an additional 15,746 shares during the period.

The Gabelli Dividend & Income Trust Stock Down 0.7%

Shares of GDV traded down $0.21 during mid-day trading 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 stock’s 50-day moving average is $29.05 and its two-hundred day moving average is $28.96. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one 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. Investors of record on Friday, December 11th will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 6.3%. The ex-dividend date 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 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.