The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 30,700 shares, a growth of 136.2% from the August 31st total of 13,000 shares. Based on an average daily volume of 175,800 shares, the short-interest ratio is currently 0.2 days.
The Gabelli Dividend & Income Trust Stock Up 0.1 %
Shares of NYSE GDV opened at $24.35 on Friday. The Gabelli Dividend & Income Trust has a 1-year low of $18.04 and a 1-year high of $24.49. The company has a fifty day moving average price of $23.56 and a 200 day moving average price of $22.91.
The Gabelli Dividend & Income Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 17th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, October 17th.
Insider Buying and Selling
Hedge Funds Weigh In On The Gabelli Dividend & Income Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDV. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth about $3,212,000. Cetera Investment Advisers boosted its stake in shares of The Gabelli Dividend & Income Trust by 22.0% during the 2nd quarter. Cetera Investment Advisers now owns 127,488 shares of the financial services provider’s stock worth $2,895,000 after buying an additional 22,984 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 13.1% during the 2nd quarter. NewEdge Advisors LLC now owns 41,539 shares of the financial services provider’s stock worth $943,000 after buying an additional 4,809 shares during the last quarter. Logan Stone Capital LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 21.8% during the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after buying an additional 37,363 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of The Gabelli Dividend & Income Trust by 1.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock worth $1,468,000 after buying an additional 615 shares during the last quarter.
About The Gabelli Dividend & Income Trust
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.
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