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The Gabelli Equity Trust Short Interest Ratio and Short Volume

+0.01 (+0.16 %)
(As of 11/27/2020 12:00 AM ET)
Today's Range
Now: $6.21
50-Day Range
MA: $5.68
52-Week Range
Now: $6.21
Volume216,897 shs
Average Volume787,892 shs
Market Capitalization$1.57 billion
P/E RatioN/A
Dividend Yield9.68%

Short Interest

The Gabelli Equity Trust (NYSE:GAB) Short Interest Data

Current Short Volume:1,550,000 shares
Previous Short Volume:22,000 shares
Change Vs. Previous Month:+6,945.45%
Dollar Volume Sold Short:$9.36 million
Short Interest Ratio / Days to Cover:2.0
Last Record Date:October, 30 2020
Outstanding Shares:253,338,000 shares
Short Percent of Float:0.00%
Today's Trading Volume:216,897 shares
Average Trading Volume:787,892 shares
Today's Volume Vs. Average:-72.47%

The Gabelli Equity Trust (NYSE:GAB) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
10/30/20201,550,000 $9.36 million 6,945.5%0.0%2.1$6.04
10/15/202022,000 $125,400.00 -86.5%0.0%0$5.70
9/30/2020162,600 $861,780.00 42.9%0.0%0.3$5.30
9/15/2020399,500 $2.04 million 251.1%0.0%0.7$5.10
8/31/2020113,800 $631,590.00 -56.8%0.0%0.2$5.55
8/14/2020263,400 $1.45 million -20.0%0.0%0.5$5.49
7/31/2020329,100 $1.81 million -48.8%0.0%0.5$5.50
7/15/2020642,100 $3.22 million -41.1%0.0%1.1$5.01
6/30/20201,090,000 $5.40 million 78.3%0.0%1.8$4.95
6/15/2020611,200 $3.07 million 85.0%0.0%0.8$5.02
5/29/2020330,400 $1.68 million -35.9%0.0%0.4$5.09
5/15/2020515,400 $2.49 million -46.0%0.0%0.5$4.84
4/30/2020954,300 $4.55 million -26.0%0.0%0.9$4.77
4/15/20201,290,000 $5.69 million -16.8%0.0%1.2$4.41
3/31/20201,550,000 $6.70 million -24.8%0.0%1.4$4.32
3/13/20202,060,000 $9.54 million 0.0%0.0%1.9$4.63
2/28/20201,330,000 $4.27 million 1,663.9%0.0%1.6$3.21
2/14/202075,400 $423,748.00 -52.0%0.0%0.1$5.62
1/31/2020157,000 $945,140.00 35.7%0.0%0.3$6.02
1/15/2020115,700 $712,712.00 -64.9%0.0%0.2$6.16
12/31/2019329,500 $2.00 million -64.0%0.0%0.7$6.08

The Gabelli Equity Trust (NYSE:GAB) Short Interest FAQ

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What is The Gabelli Equity Trust's current short interest?

Short interest is the volume of The Gabelli Equity Trust shares that have been sold short but have not yet been closed out or covered. As of October 30th, investors have sold 1,550,000 shares of GAB short. 0.00% of The Gabelli Equity Trust's shares are currently sold short. View details.

What is a good short interest ratio for The Gabelli Equity Trust?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. The Gabelli Equity Trust currently has a short interest ratio of 2.0.

Is The Gabelli Equity Trust's short interest increasing or decreasing?

The Gabelli Equity Trust saw a increase in short interest in October. As of October 30th, there was short interest totaling 1,550,000 shares, an increase of 6,945.5% from the previous total of 22,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

How does The Gabelli Equity Trust's short interest compare to its competitors?

0.00% of The Gabelli Equity Trust's shares are currently sold short. Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to The Gabelli Equity Trust: SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (0.00%), SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (0.00%), DNP Select Income Fund Inc. (0.00%), Nuveen Municipal Value Fund, Inc. (0.00%), iShares MSCI Pacific ex Japan ETF (0.00%), Goldman Sachs BDC, Inc. (0.00%), Direxion Daily Financial Bull 3X Shares (0.00%), Adams Diversified Equity Fund, Inc. (0.00%), WisdomTree Emerging Markets High Dividend Fund (0.00%), and PIMCO Corporate & Income Opportunity Fund (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

What does it mean to sell short The Gabelli Equity Trust stock?

Short selling GAB is an investing strategy that aims to generate trading profit from The Gabelli Equity Trust as its price is falling. The Gabelli Equity Trust's stock is trading up $0.01 today. To short The Gabelli Equity Trust stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that The Gabelli Equity Trust will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against The Gabelli Equity Trust?

A short squeeze for The Gabelli Equity Trust occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GAB, which in turn drives the price of the stock up even further.

How often is The Gabelli Equity Trust's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GAB, twice per month. The most recent reporting period available is October, 30 2020.

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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