The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,628 shares, a drop of 68.3% from the August 15th total of 5,133 shares. Based on an average daily volume of 9,154 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On The Gabelli Global Utility & Income Trust
A number of institutional investors have recently modified their holdings of GLU. Kestra Advisory Services LLC bought a new position in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth about $43,000. Fifth Third Bancorp bought a new stake in The Gabelli Global Utility & Income Trust in the first quarter valued at about $44,000. International Assets Investment Management LLC acquired a new stake in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $53,000. Garton & Associates Financial Advisors LLC acquired a new stake in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $56,000. Finally, Corient Private Wealth LLC bought a new position in The Gabelli Global Utility & Income Trust during the 4th quarter worth approximately $278,000.
The Gabelli Global Utility & Income Trust Trading Down 0.2%
Shares of NYSEAMERICAN:GLU traded down $0.04 during trading on Friday, hitting $18.95. The company’s stock had a trading volume of 2,579 shares, compared to its average volume of 9,583. The Gabelli Global Utility & Income Trust has a fifty-two week low of $17.68 and a fifty-two week high of $21.69. The stock’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $19.50.
The Gabelli Global Utility & Income Trust Dividend Announcement
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.
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