The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Sees Large Increase in Short Interest

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is presently 0.0 days.

NYSEAMERICAN GLU opened at $17.85 on Friday. The Gabelli Global Utility & Income Trust has a 52 week low of $17.65 and a 52 week high of $24.05.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.72%.

Several large investors have recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its position in shares of The Gabelli Global Utility & Income Trust by 11.4% during the first quarter. Sigma Planning Corp now owns 13,622 shares of the company’s stock worth $267,000 after purchasing an additional 1,398 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth $258,000. LPL Financial LLC lifted its position in shares of The Gabelli Global Utility & Income Trust by 10.0% during the fourth quarter. LPL Financial LLC now owns 22,745 shares of the company’s stock worth $479,000 after purchasing an additional 2,060 shares during the last quarter. Morgan Stanley lifted its position in shares of The Gabelli Global Utility & Income Trust by 9.1% during the third quarter. Morgan Stanley now owns 167,544 shares of the company’s stock worth $3,292,000 after purchasing an additional 14,034 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the third quarter worth $165,000.

The Gabelli Global Utility & Income Trust Company Profile (Get Rating)

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.

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