The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Sees Large Decline in Short Interest

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

The Gabelli Global Utility & Income Trust Stock Performance

NYSEAMERICAN GLU traded down $0.04 on Friday, reaching $18.95. The company had a trading volume of 2,579 shares, compared to its average volume of 9,583. The Gabelli Global Utility & Income Trust has a fifty-two week low of $17.68 and a fifty-two week high of $21.69. The business has a 50 day moving average of $19.30 and a two-hundred day moving average of $19.50.

The Gabelli Global Utility & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, December 11th.

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

A number of hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC boosted 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 valued at $1,480,000 after acquiring an additional 777 shares during the last quarter. Advisortrust Partners LLC raised its holdings in The Gabelli Global Utility & Income Trust by 62.5% during the 1st quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after purchasing an additional 25,618 shares during the last quarter. LPL Financial LLC lifted its position in shares of The Gabelli Global Utility & Income Trust by 5.4% in 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. Wells Fargo & Company MN lifted its position in shares of The Gabelli Global Utility & Income Trust by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock worth $681,000 after purchasing an additional 2,170 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of The Gabelli Global Utility & Income Trust by 29.4% in the 2nd quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock valued at $306,000 after purchasing an additional 4,015 shares during the last quarter.

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.