The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Down 47.0% in August

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,640 shares, a decrease of 47.0% from the August 15th total of 6,872 shares. Based on an average trading volume of 86,242 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 142.3% during the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 777 shares in the last quarter. Allied Private Wealth LLC bought a new position in The Gabelli Dividend & Income Trust in the second quarter worth about $40,000. Hilton Head Capital Partners LLC bought a new stake in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $44,000. Kilter Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $47,000. Finally, Navigoe LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $57,000.

The Gabelli Dividend & Income Trust Stock Down 0.6%

Shares of NYSE GDV traded down $0.17 during trading hours on Tuesday, hitting $29.23. The company’s stock had a trading volume of 150,243 shares, compared to its average volume of 114,082. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00. The business has a 50-day simple moving average of $30.03 and a 200-day simple moving average of $29.09.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.