The Gabelli Equity Trust Stock Forecast, Price & News

Wall Street analysts have given The Gabelli Equity Trust a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Gabelli Equity Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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The Gabelli Equity Trust saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 107,300 shares, an increase of 65.6% from the February 28th total of 64,800 shares. Based on an average trading volume of 657,600 shares, the days-to-cover ratio is currently 0.2 days.
View The Gabelli Equity Trust's Short Interest.

The Gabelli Equity Trust's stock was trading at $5.39 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GAB stock has increased by 29.9% and is now trading at $7.00.
View which stocks have been most impacted by COVID-19.

The Gabelli Equity Trust declared a quarterly dividend on Thursday, February 25th. Stockholders of record on Wednesday, March 17th will be given a dividend of $0.15 per share on Wednesday, March 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Tuesday, March 16th.
View The Gabelli Equity Trust's dividend history.

The Gabelli Equity Trust pays an annual dividend of $0.60 per share and currently has a dividend yield of 8.58%. GAB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View The Gabelli Equity Trust's dividend history.

Some companies that are related to The Gabelli Equity Trust include SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM), SPDR Nuveen Barclays Municipal Bond ETF (TFI), Direxion Daily Financial Bull 3X Shares (FAS), DNP Select Income Fund (DNP), iShares MSCI Pacific ex Japan ETF (EPP), Nuveen Municipal Value Fund (NUV), Adams Diversified Equity Fund (ADX), Goldman Sachs BDC (GSBD), PIMCO Corporate & Income Opportunity Fund (PTY), Hercules Capital (HTGC), WisdomTree Emerging Markets High Dividend Fund (DEM), Royce Value Trust (RVT), Tri-Continental (TY), Liberty All-Star Equity Fund (USA) and iShares MSCI Australia ETF (EWA).
View all of GAB's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Gabelli Equity Trust investors own include AT&T (T), New Residential Investment (NRZ), Energy Transfer (ET), Main Street Capital (MAIN), Medical Properties Trust (MPW), AbbVie (ABBV), Annaly Capital Management (NLY), Pfizer (PFE), Ares Capital (ARCC) and General Electric (GE).

The Gabelli Equity Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GAB."

Shares of GAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GAB stock can currently be purchased for approximately $7.00.

The Gabelli Equity Trust has a market capitalization of $1.83 billion.

The official website for The Gabelli Equity Trust is www.gabelli.com.

The financial services provider can be reached via phone at 914-921-5000.