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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) saw a significant 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 trading volume of 12,038 shares, the short-interest ratio is currently 0.2 days.

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

Several large investors have recently made changes to their positions in GLU. Kestra Advisory Services LLC bought a new position in The Gabelli Global Utility & Income Trust in the fourth quarter valued at about $43,000. Fifth Third Bancorp bought a new stake in The Gabelli Global Utility & Income Trust during the 1st quarter worth about $44,000. International Assets Investment Management LLC bought a new stake in The Gabelli Global Utility & Income Trust during the 4th quarter worth about $53,000. Garton & Associates Financial Advisors LLC acquired a new position in The Gabelli Global Utility & Income Trust during the 4th quarter valued at about $56,000. Finally, Cornerstone Advisors LLC boosted its stake in shares of The Gabelli Global Utility & Income Trust by 313.5% in the 3rd quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock valued at $157,000 after purchasing an additional 6,584 shares during the last quarter.

The Gabelli Global Utility & Income Trust Price Performance

GLU opened at $19.52 on Friday. The company’s 50 day simple moving average is $19.68 and its 200-day simple moving average is $19.52. The Gabelli Global Utility & Income Trust has a one year low of $16.46 and a one year high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

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

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.