The GDL Fund (NYSE:GDL – Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 17,800 shares, a growth of 71.2% from the February 13th total of 10,400 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 1.0 days.
The GDL Fund Trading Up 0.3 %
The GDL Fund stock opened at $8.34 on Friday. The stock has a fifty day moving average price of $8.24 and a 200 day moving average price of $8.15. The GDL Fund has a 52 week low of $7.72 and a 52 week high of $8.40.
The GDL Fund Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 5.76%.
Institutional Investors Weigh In On The GDL Fund
About The GDL Fund
The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.
Featured Stories
- Five stocks we like better than The GDL Fund
- Technology Stocks Explained: Here’s What to Know About Tech
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Top Stocks Investing in 5G Technology
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- There Are Different Types of Stock To Invest In
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
Receive News & Ratings for The GDL Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GDL Fund and related companies with MarketBeat.com's FREE daily email newsletter.