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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,381 shares, a decrease of 40.0% from the May 14th total of 5,632 shares. Based on an average daily trading volume, of 8,614 shares, the days-to-cover ratio is currently 0.4 days.

The Gabelli Global Utility & Income Trust Stock Down 0.6%

The Gabelli Global Utility & Income Trust stock traded down $0.11 during trading hours on Monday, reaching $19.01. 9,512 shares of the stock were exchanged, compared to its average volume of 10,893. The Gabelli Global Utility & Income Trust has a 52-week low of $16.60 and a 52-week high of $21.69. The firm’s 50 day moving average is $19.50 and its 200 day moving average is $19.68.

The Gabelli Global Utility & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GLU. Raymond James Financial Inc. grew its stake in shares of The Gabelli Global Utility & Income Trust by 29.4% during the 2nd quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock worth $306,000 after purchasing an additional 4,015 shares during the period. Cornerstone Advisors LLC grew its stake in shares of The Gabelli Global Utility & Income Trust by 313.5% during the 3rd quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock worth $157,000 after purchasing an additional 6,584 shares during the period. Private Advisor Group LLC grew its stake in shares of The Gabelli Global Utility & Income Trust by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after purchasing an additional 3,721 shares during the period. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the 4th quarter worth $53,000. Finally, LPL Financial LLC grew its stake in shares of The Gabelli Global Utility & Income Trust by 5.4% during the 4th quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock worth $855,000 after purchasing an additional 2,291 shares during the period.

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.