Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 8,090 shares, an increase of 430.1% from the June 15th total of 1,526 shares. Based on an average daily volume of 6,551 shares, the short-interest ratio is currently 1.2 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Gladstone Investment Co. 4.875% Notes due 2028 stock traded up $0.06 during midday trading on Monday, hitting $24.08. 3,653 shares of the stock were exchanged, compared to its average volume of 4,993. Gladstone Investment Co. 4.875% Notes due 2028 has a 1 year low of $23.18 and a 1 year high of $24.30. The company has a 50 day moving average price of $24.04 and a two-hundred day moving average price of $24.02.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.3047 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

About Gladstone Investment Co. 4.875% Notes due 2028

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.