Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Expands By 88.6%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 14,900 shares, an increase of 88.6% from the April 30th total of 7,900 shares. Based on an average daily volume of 170,700 shares, the days-to-cover ratio is presently 0.1 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $24.86 on Monday. The firm has a fifty day moving average price of $23.58 and a two-hundred day moving average price of $24.30. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend is Tuesday, September 16th.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in The Gabelli Dividend & Income Trust by 75.6% in the 4th quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 475 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter valued at approximately $27,000. Jones Financial Companies Lllp acquired a new position in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at $28,000. IFP Advisors Inc raised its stake in shares of The Gabelli Dividend & Income Trust by 1,425.3% in the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in The Gabelli Dividend & Income Trust by 380.4% in the first quarter. Farther Finance Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,050 shares during the period.

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.