The Gabelli Dividend & Income Trust (NYSE:GDV) Short Interest Up 44.6% in October

The Gabelli Dividend & Income Trust (NYSE:GDV) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 24,300 shares, an increase of 44.6% from the October 15th total of 16,800 shares. Based on an average trading volume of 155,700 shares, the days-to-cover ratio is presently 0.2 days.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli purchased 3,131,500 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was acquired at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the purchase, the insider now directly owns 3,131,500 shares of the company’s stock, valued at $31,315,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have purchased 3,134,000 shares of company stock worth $31,369,800.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 17.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after acquiring an additional 239,758 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in The Gabelli Dividend & Income Trust by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 577,528 shares of the financial services provider’s stock worth $13,116,000 after purchasing an additional 10,944 shares during the period. International Assets Investment Management LLC raised its stake in The Gabelli Dividend & Income Trust by 2,345.0% during the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 337,680 shares during the period. Logan Stone Capital LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 21.8% in the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock valued at $4,734,000 after purchasing an additional 37,363 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 period.

The Gabelli Dividend & Income Trust Stock Down 0.2 %

Shares of GDV stock traded down $0.05 during trading hours on Friday, hitting $24.50. The company’s stock had a trading volume of 139,632 shares, compared to its average volume of 163,167. The business has a fifty day moving average of $24.37 and a 200-day moving average of $23.44. The Gabelli Dividend & Income Trust has a twelve month low of $19.52 and a twelve month high of $25.33.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 13th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, February 13th.

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.