Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 272 shares, a decline of 53.3% from the January 29th total of 582 shares. Based on an average daily volume of 1,883 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,883 shares, the short-interest ratio is presently 0.1 days.
Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.1%
NASDAQ GAINN traded up $0.02 during trading on Friday, reaching $25.10. 5,324 shares of the company’s stock were exchanged, compared to its average volume of 3,129. The company has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $25.07. Gladstone Investment Co. 5.00% Notes Due 2026 has a 1 year low of $24.57 and a 1 year high of $25.46.
Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026
A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 comprises about 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th largest position.
About Gladstone Investment Co. 5.00% Notes Due 2026
Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.
Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.
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