The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 4,191 shares, a growth of 163.8% from the June 15th total of 1,589 shares. Based on an average daily trading volume, of 7,470 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GLU. Advisortrust Partners LLC boosted its holdings in shares of The Gabelli Global Utility & Income Trust by 62.5% in the first quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after acquiring an additional 25,618 shares during the period. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 1st quarter valued at $44,000. Private Advisor Group LLC raised its stake in shares of 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 valued at $1,480,000 after purchasing an additional 777 shares during the period. Corient Private Wealth LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at $278,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in The Gabelli Global Utility & Income Trust during the 4th quarter worth about $56,000.
The Gabelli Global Utility & Income Trust Trading Up 0.6%
NYSEAMERICAN:GLU opened at $19.47 on Tuesday. The Gabelli Global Utility & Income Trust has a 52 week low of $17.11 and a 52 week high of $21.69. The firm has a 50-day moving average price of $19.27 and a two-hundred day moving average price of $19.76.
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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