The Gabelli Equity Trust Inc. (NYSE:GAB – Get Rating) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 532,400 shares, an increase of 20.9% from the March 15th total of 440,200 shares. Based on an average trading volume of 436,100 shares, the short-interest ratio is currently 1.2 days.

The Gabelli Equity Trust Stock Performance

Shares of The Gabelli Equity Trust stock traded down $0.04 during midday trading on Thursday, hitting $5.69. The company had a trading volume of 216,093 shares, compared to its average volume of 421,928. The company has a 50 day moving average of $5.72 and a 200 day moving average of $5.64. The Gabelli Equity Trust has a 52-week low of $4.84 and a 52-week high of $7.09.

The Gabelli Equity Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 17th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 10.54%.

Institutional Investors Weigh In On The Gabelli Equity Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Accurate Wealth Management LLC purchased a new position in The Gabelli Equity Trust in the fourth quarter worth about $69,000. Day & Ennis LLC bought a new position in The Gabelli Equity Trust in the fourth quarter worth approximately $99,000. Capital Advisory Group Advisory Services LLC purchased a new position in The Gabelli Equity Trust in the third quarter worth $75,000. TCG Advisory Services LLC purchased a new stake in shares of The Gabelli Equity Trust during the third quarter valued at $57,000. Finally, Larson Financial Group LLC purchased a new stake in shares of The Gabelli Equity Trust during the third quarter valued at $430,000. 7.58% of the stock is owned by institutional investors.

About The Gabelli Equity Trust

(Get Rating)

The Gabelli Equity Trust Inc 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 invests in preferred stock, convertible or exchangeable securities, and warrants and rights.

Featured Stories

• Get a free copy of the StockNews.com research report on The Gabelli Equity Trust (GAB)
• Finding New Technology to Invest in: A Guide
• Genuine Parts Company Is Genuinely A Good Buy
• Healthcare Sector: Overview and Keys to Investing
• Can D.R. Horton Shares Raise The Roof, Or Is This The Ceiling?
• American Express Growth Riding On Joyful Consumer Spending

Receive News & Ratings for The Gabelli Equity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Equity Trust and related companies with MarketBeat.com's FREE daily email newsletter.