The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Short Interest Update

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,632 shares, an increase of 115.7% from the April 30th total of 2,611 shares. Based on an average daily trading volume, of 8,269 shares, the short-interest ratio is currently 0.7 days.

The Gabelli Global Utility & Income Trust Trading Down 0.5%

Shares of NYSEAMERICAN:GLU traded down $0.10 during trading on Friday, reaching $19.40. 8,372 shares of the stock were exchanged, compared to its average volume of 11,034. The stock has a 50-day moving average price of $19.53 and a 200-day moving average price of $19.61. The Gabelli Global Utility & Income Trust has a 12 month low of $16.53 and a 12 month high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Global Utility & Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC raised its position in shares of The Gabelli Global Utility & Income Trust by 1.0% in the first quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock valued at $1,480,000 after buying an additional 777 shares in the last quarter. Advisortrust Partners LLC raised its position in shares of The Gabelli Global Utility & Income Trust by 62.5% in the first quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock valued at $1,276,000 after buying an additional 25,618 shares in the last quarter. LPL Financial LLC raised its position in shares of The Gabelli Global Utility & Income Trust by 5.4% in the fourth quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock valued at $855,000 after buying an additional 2,291 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of The Gabelli Global Utility & Income Trust by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock valued at $681,000 after buying an additional 2,170 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of The Gabelli Global Utility & Income Trust by 29.4% in the second quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock valued at $306,000 after buying an additional 4,015 shares in the last quarter.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.

GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.