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 May. As of May 15th, there was short interest totaling 5,632 shares, an increase of 115.7% from the April 30th total of 2,611 shares. Based on an average trading volume of 8,269 shares, the short-interest ratio is presently 0.7 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $43,000. Fifth Third Bancorp bought a new position in The Gabelli Global Utility & Income Trust during the first quarter valued at approximately $44,000. International Assets Investment Management LLC bought a new position in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $53,000. Garton & Associates Financial Advisors LLC bought a new position in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $56,000. Finally, Cornerstone Advisors LLC boosted its stake in The Gabelli Global Utility & Income Trust by 313.5% during 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 during the last quarter.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of NYSEAMERICAN GLU traded down $0.11 during mid-day trading on Monday, reaching $19.29. The company’s stock had a trading volume of 12,850 shares, compared to its average volume of 11,051. The stock has a fifty day moving average of $19.52 and a two-hundred day moving average of $19.62. The Gabelli Global Utility & Income Trust has a 52 week low of $16.60 and a 52 week high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors 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 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.