The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 81.3% in March

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 70,000 shares, a growth of 81.3% from the February 28th total of 38,600 shares. Based on an average daily volume of 138,300 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In related news, insider Mario J. Gabelli bought 2,300 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the purchase, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This represents a 1.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in shares of The Gabelli Dividend & Income Trust by 75.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock worth $27,000 after buying an additional 475 shares in the last quarter. Jones Financial Companies Lllp bought a new position in The Gabelli Dividend & Income Trust during the 4th quarter valued at $28,000. IFP Advisors Inc increased its position in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the 4th 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 during the period. US Bancorp DE bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth $39,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $78,000.

The Gabelli Dividend & Income Trust Stock Down 0.7 %

GDV stock opened at $24.13 on Monday. The firm’s 50-day simple moving average is $24.65 and its 200 day simple moving average is $24.60. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, April 15th.

The Gabelli Dividend & Income Trust Company Profile

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.