The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Short Interest Up 163.8% in June

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,191 shares, a growth of 163.8% from the June 15th total of 1,589 shares. Based on an average daily volume of 7,470 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of institutional investors have recently bought and sold shares of the business. Advisortrust Partners LLC grew 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 worth $1,276,000 after purchasing an additional 25,618 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the first quarter valued at approximately $44,000. Private Advisor Group LLC increased its stake in 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 worth $1,480,000 after acquiring an additional 777 shares during the period. Corient Private Wealth LLC bought a new position in The Gabelli Global Utility & Income Trust during the 4th quarter worth $278,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in The Gabelli Global Utility & Income Trust in the 4th quarter valued at $56,000.

The Gabelli Global Utility & Income Trust Stock Performance

NYSEAMERICAN GLU traded down $0.01 on Wednesday, reaching $19.59. The stock had a trading volume of 2,603 shares, compared to its average volume of 10,299. The firm has a fifty day moving average of $19.26 and a two-hundred day moving average of $19.75. The Gabelli Global Utility & Income Trust has a 1-year low of $17.11 and a 1-year high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

The firm 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 $0.11 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 6.7%.

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.