The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Update

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 48,100 shares, an increase of 153.2% from the November 30th total of 19,000 shares. Based on an average daily volume of 137,200 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV stock opened at $24.35 on Friday. The Gabelli Dividend & Income Trust has a one year low of $20.93 and a one year high of $25.67. The company’s 50-day moving average is $24.76 and its 200 day moving average is $23.96.

The Gabelli Dividend & Income Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares of the company’s stock, valued at approximately $249,000. This trade represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought 3,134,000 shares of company stock worth $31,369,800 over the last ninety days.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDV. Cambridge Investment Research Advisors Inc. raised its stake in The Gabelli Dividend & Income Trust by 21.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 184,946 shares of the financial services provider’s stock valued at $4,200,000 after buying an additional 32,553 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in The Gabelli Dividend & Income Trust by 7.8% in the second quarter. Wolverine Asset Management LLC now owns 144,317 shares of the financial services provider’s stock valued at $3,277,000 after acquiring an additional 10,488 shares during the period. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $27,000. Blue Bell Private Wealth Management LLC increased its position in shares of The Gabelli Dividend & Income Trust by 1.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock valued at $1,832,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 746.7% in the 2nd quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after purchasing an additional 144,107 shares during the period.

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.