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

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in 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 worth $1,480,000 after purchasing an additional 777 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 1st quarter valued at $44,000. International Assets Investment Management LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at $53,000. Finally, Advisortrust Partners LLC grew its position in shares of The Gabelli Global Utility & Income Trust by 62.5% in the 1st quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after buying an additional 25,618 shares during the period.

The Gabelli Global Utility & Income Trust Stock Performance

The Gabelli Global Utility & Income Trust stock traded down $0.32 during trading hours on Monday, hitting $18.63. 11,774 shares of the stock traded hands, compared to its average volume of 9,595. The Gabelli Global Utility & Income Trust has a one year low of $17.68 and a one year high of $21.69. The firm’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $19.49.

The Gabelli Global Utility & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. 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.