The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 6.5% in August

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 13,000 shares, a decline of 6.5% from the August 15th total of 13,900 shares. Based on an average daily volume of 172,500 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Dividend & Income Trust Stock Performance

GDV stock opened at $24.37 on Friday. The company has a 50 day moving average price of $23.45 and a 200 day moving average price of $22.82. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.47.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 17th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.42%. The ex-dividend date is Thursday, October 17th.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 3,280 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $22.91 per share, with a total value of $75,144.80. Following the completion of the acquisition, the insider now directly owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 36.1% during the 4th quarter. Private Advisor Group LLC now owns 18,784 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 4,986 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in The Gabelli Dividend & Income Trust by 0.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 147,004 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 1,155 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in The Gabelli Dividend & Income Trust by 1.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 273,371 shares of the financial services provider’s stock worth $5,916,000 after acquiring an additional 2,594 shares during the period. 1607 Capital Partners LLC grew its holdings in The Gabelli Dividend & Income Trust by 0.5% during the 4th quarter. 1607 Capital Partners LLC now owns 784,003 shares of the financial services provider’s stock worth $16,966,000 after acquiring an additional 3,820 shares during the period. Finally, Accuvest Global Advisors grew its holdings in The Gabelli Dividend & Income Trust by 3.3% during the 4th quarter. Accuvest Global Advisors now owns 48,939 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 1,583 shares during the period.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.