Short Interest in The Gabelli Dividend & Income Trust (NYSE:GDV) Decreases By 32.6%

The Gabelli Dividend & Income Trust (NYSE:GDV) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 19,000 shares, a decline of 32.6% from the November 15th total of 28,200 shares. Based on an average daily volume of 142,800 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In related news, insider Mario J. Gabelli acquired 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 3,134,000 shares of company stock valued at $31,369,800 in the last three months.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors have recently bought and sold shares of GDV. International Assets Investment Management LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after acquiring an additional 337,680 shares during the period. Brookstone Capital Management boosted its stake in The Gabelli Dividend & Income Trust by 3.7% in the 2nd quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock worth $368,000 after buying an additional 551 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in The Gabelli Dividend & Income Trust by 1.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 1,067 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after acquiring an additional 721 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 2.9% during the third quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock valued at $4,110,000 after buying an additional 4,689 shares during the last quarter.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV traded up $0.03 during mid-day trading on Friday, hitting $24.97. 46,869 shares of the company’s stock were exchanged, compared to its average volume of 161,520. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.93 and a fifty-two week high of $25.67. The business’s 50 day moving average is $24.80 and its two-hundred day moving average is $23.81.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Monday, March 17th.

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.