Short Interest in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Decreases By 68.3%

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,628 shares, a decrease of 68.3% from the August 15th total of 5,133 shares. Based on an average daily volume of 9,154 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On The Gabelli Global Utility & Income Trust

Institutional investors have recently bought and sold shares of the company. Advisortrust Partners LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at approximately $790,000. Wells Fargo & Company MN boosted its stake in The Gabelli Global Utility & Income Trust by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock worth $681,000 after buying an additional 2,170 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of The Gabelli Global Utility & Income Trust by 5.1% in the third quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after acquiring an additional 3,721 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at $53,000. Finally, Kestra Advisory Services LLC acquired a new position in The Gabelli Global Utility & Income Trust in the fourth quarter valued at $43,000.

The Gabelli Global Utility & Income Trust Trading Down 0.2%

GLU stock traded down $0.04 during mid-day trading on Friday, hitting $18.95. 2,579 shares of the company were exchanged, compared to its average volume of 9,583. The Gabelli Global Utility & Income Trust has a 12-month low of $17.68 and a 12-month high of $21.69. The business has a fifty day simple moving average of $19.30 and a 200-day simple moving average of $19.50.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, December 11th.

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.