Thu Sep 19 08:22:08 UTC 2024: ## Short Interest in Gabelli Dividend & Income Trust Declines, Insider Purchases Shares

**New York, NY – September 19, 2024** – The Gabelli Dividend & Income Trust (NYSE: GDV) saw a significant decrease in short interest during August, indicating a potential shift in investor sentiment. Short interest fell by 6.5% to 13,000 shares as of August 31st, from 13,900 shares on August 15th.

Adding to the positive market signals, Mario J. Gabelli, an insider at the company, purchased 3,280 shares on August 2nd at an average price of $22.91 per share, totaling $75,144.80. This purchase brings his total ownership to 142,592 shares, valued at $3,266,782.72.

Several institutional investors have also been active in the stock. Private Advisor Group LLC, Wealth Enhancement Advisory Services LLC, Brookstone Capital Management, Mercer Global Advisors Inc. ADV, and Pinnacle Wealth Planning Services Inc. all increased their holdings in GDV during recent quarters.

The Gabelli Dividend & Income Trust is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. It invests in US public equity markets, focusing on dividend-paying stocks across various sectors.

The company recently announced a monthly dividend of $0.11 per share, payable on October 24th to shareholders of record on October 17th. This translates to an annualized dividend of $1.32 and a dividend yield of 5.46%.

These developments suggest a growing confidence in The Gabelli Dividend & Income Trust, with both insider purchases and increased institutional ownership pointing to potential future growth. The consistent dividend payments also make the stock attractive to income-seeking investors.

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