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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,338 shares, an increase of 105.0% from the August 31st total of 1,628 shares. Based on an average daily trading volume, of 6,061 shares, the days-to-cover ratio is presently 0.6 days.

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

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in shares of The Gabelli Global Utility & Income Trust during the first quarter valued at about $44,000. Advisortrust Partners LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $790,000. Finally, Private Advisor Group LLC increased its position in The Gabelli Global Utility & Income Trust by 1.0% in the 1st quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock valued at $1,480,000 after buying an additional 777 shares in the last quarter.

The Gabelli Global Utility & Income Trust Price Performance

Shares of The Gabelli Global Utility & Income Trust stock traded down $0.03 on Tuesday, reaching $17.76. 2,047 shares of the company’s stock were exchanged, compared to its average volume of 9,471. The Gabelli Global Utility & Income Trust has a 52 week low of $17.57 and a 52 week high of $21.69. The firm’s 50-day moving average is $19.03 and its two-hundred day moving average is $19.27.

The Gabelli Global Utility & Income Trust Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.32 annualized dividend and a yield of 7.4%.

About The Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a diversified, closed-end management investment company. The fund seeks to provide investors with a high level of current income and opportunities for capital appreciation by investing primarily in equity and debt securities issued by utility companies and businesses involved in utility-related activities.

Its investment focus spans global infrastructure industries, including electric, gas, water, communications and other regulated or essential-service providers.