Short Interest in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Decreases By 40.0%

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

The Gabelli Global Utility & Income Trust Stock Down 0.1%

Shares of GLU opened at $19.00 on Wednesday. The Gabelli Global Utility & Income Trust has a 52-week low of $16.64 and a 52-week high of $21.69. The firm’s fifty day moving average is $19.48 and its two-hundred day moving average is $19.69.

The Gabelli Global Utility & Income Trust Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisortrust Partners LLC boosted its position in shares of 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 valued at $1,276,000 after acquiring an additional 25,618 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of The Gabelli Global Utility & Income Trust during the 1st quarter valued at about $44,000. Private Advisor Group LLC boosted its position in shares of The Gabelli Global Utility & Income Trust by 1.0% during the 1st 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. Corient Private Wealth LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at about $278,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at about $56,000.

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.