The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Short Interest Update
by Michael Walen · The Markets DailyThe Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,381 shares, a decrease of 40.0% from the May 14th total of 5,632 shares. Based on an average daily trading volume, of 8,614 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On The Gabelli Global Utility & Income Trust
Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its position 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 buying an additional 777 shares during the last quarter. Advisortrust Partners LLC raised its position 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 buying an additional 25,618 shares during the last quarter. LPL Financial LLC raised its position in The Gabelli Global Utility & Income Trust by 5.4% during the 4th quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock worth $855,000 after buying an additional 2,291 shares during the last quarter. Wells Fargo & Company MN raised its position 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 worth $681,000 after buying an additional 2,170 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in The Gabelli Global Utility & Income Trust by 29.4% during the 2nd quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock worth $306,000 after buying an additional 4,015 shares during the last quarter.
The Gabelli Global Utility & Income Trust Price Performance
Shares of NYSEAMERICAN:GLU traded down $0.11 on Monday, reaching $19.01. The company’s stock had a trading volume of 9,512 shares, compared to its average volume of 10,893. The stock’s 50-day moving average is $19.50 and its two-hundred day moving average is $19.68. The Gabelli Global Utility & Income Trust has a 52-week low of $16.60 and a 52-week high of $21.69.
The Gabelli Global Utility & Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 16th.
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.