Short Interest in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Expands By 115.1%

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,611 shares, an increase of 115.1% from the April 15th total of 1,214 shares. Based on an average daily volume of 12,038 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisortrust Partners LLC acquired a new position in The Gabelli Global Utility & Income Trust in the fourth quarter worth $790,000. Corient Private Wealth LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth $278,000. Cornerstone Advisors LLC increased its stake in shares of The Gabelli Global Utility & Income Trust by 313.5% in the third quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock valued at $157,000 after buying an additional 6,584 shares in the last quarter. Raymond James Financial Inc. raised its holdings 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 during the last quarter. Finally, Private Advisor Group LLC raised its holdings 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 valued at $1,383,000 after buying an additional 3,721 shares during the last quarter.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU stock opened at $19.52 on Friday. The Gabelli Global Utility & Income Trust has a 12-month low of $16.46 and a 12-month high of $21.69. The firm has a 50-day moving average price of $19.68 and a 200 day moving average price of $19.52.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

About The Gabelli Global Utility & Income Trust

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.