The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 76.1% in June

The Gabelli Dividend & Income Trust (NYSE:GDV) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 10,356 shares, a decline of 76.1% from the May 31st total of 43,301 shares. Based on an average trading volume of 145,253 shares, the days-to-cover ratio is presently 0.1 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE:GDV traded up $0.42 on Monday, hitting $29.20. 88,580 shares of the company traded hands, compared to its average volume of 123,228. The Gabelli Dividend & Income Trust has a 52 week low of $25.73 and a 52 week high of $29.58. The stock has a 50 day simple moving average of $29.09 and a 200-day simple moving average of $28.44.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of The Gabelli Dividend & Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Indivisible Partners purchased a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $491,000. PMG Family Office LLC purchased a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $511,000. Evolve Private Wealth LLC purchased a new position in The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $2,978,000. Shaker Financial Services LLC lifted its position in The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 39,211 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after acquiring an additional 28,278 shares in the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.