Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) Short Interest Up 151.4% in March

Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) was the target of a large growth in short interest in March. As of March 13th, there was short interest totalling 8,800 shares, a growth of 151.4% from the February 27th total of 3,500 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Shares of Gabelli Global Utility & Income Trust Closed-Ended Fund stock traded up $1.46 during trading on Thursday, hitting $14.75. The company’s stock had a trading volume of 41,213 shares, compared to its average volume of 26,263. Gabelli Global Utility & Income Trust Closed-Ended Fund has a 52 week low of $10.34 and a 52 week high of $20.04.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 16th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 8.14%.

In other Gabelli Global Utility & Income Trust Closed-Ended Fund news, President Bruce N. Alpert sold 900 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $51.70, for a total value of $46,530.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

An institutional investor recently raised its position in Gabelli Global Utility & Income Trust Closed-Ended Fund stock. Raymond James & Associates increased its holdings in Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,082 shares of the company’s stock after acquiring an additional 1,840 shares during the quarter. Raymond James & Associates’ holdings in Gabelli Global Utility & Income Trust Closed-Ended Fund were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Gabelli Global Utility & Income Trust Closed-Ended Fund Company Profile

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.

Further Reading: What are momentum indicators and what do they show?

Receive News & Ratings for Gabelli Global Utility & Income Trust Closed-Ended Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Global Utility & Income Trust Closed-Ended Fund and related companies with MarketBeat.com's FREE daily email newsletter.