The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Shares Shorted: Short Interest Up 105.0% in September

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) saw a significant increase in short interest in 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 short-interest ratio is currently 0.6 days.

The Gabelli Global Utility & Income Trust Price Performance

Shares of NYSEAMERICAN:GLU opened at $17.76 on Wednesday. The Gabelli Global Utility & Income Trust has a 1 year low of $17.57 and a 1 year high of $21.69. The business’s 50 day simple moving average is $19.03 and its 200 day simple 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. Stockholders of record on Friday, December 11th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its stake 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 purchasing an additional 777 shares in the last quarter. Advisortrust Partners LLC grew its stake in The Gabelli Global Utility & Income Trust by 62.5% during the first quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after buying an additional 25,618 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in The Gabelli Global Utility & Income Trust in the 1st quarter valued at about $44,000.

The Gabelli Global Utility & Income Trust Company Profile

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.