Short Interest in Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Increases By 430.1%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 8,090 shares, an increase of 430.1% from the June 15th total of 1,526 shares. Based on an average daily volume of 6,551 shares, the days-to-cover ratio is currently 1.2 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

Gladstone Investment Co. 4.875% Notes due 2028 stock opened at $24.04 on Friday. Gladstone Investment Co. 4.875% Notes due 2028 has a 52-week low of $23.18 and a 52-week high of $24.30. The stock’s 50 day moving average price is $24.04 and its two-hundred day moving average price is $24.02.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.3047 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.22 annualized dividend and a yield of 5.1%.

About Gladstone Investment Co. 4.875% Notes due 2028

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.