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

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

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

Hedge funds have recently bought and sold shares of the company. Advisortrust Partners LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth about $790,000. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter worth about $53,000. Corient Private Wealth LLC bought a new position in The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $278,000. Garton & Associates Financial Advisors LLC bought a new position in The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $56,000. Finally, Wells Fargo & Company MN boosted its stake in The Gabelli Global Utility & Income Trust by 6.5% during the 4th quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock valued at $681,000 after purchasing an additional 2,170 shares during the last quarter.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of GLU stock opened at $19.47 on Tuesday. The Gabelli Global Utility & Income Trust has a twelve month low of $17.11 and a twelve month high of $21.69. The stock’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $19.76.

The Gabelli Global Utility & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, September 16th.

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.