Short Interest in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Expands By 122.6%

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLUGet Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 6,900 shares, a growth of 122.6% from the January 15th total of 3,100 shares. Based on an average daily trading volume, of 16,100 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Global Utility & Income Trust Stock Up 0.8 %

GLU opened at $13.40 on Tuesday. The Gabelli Global Utility & Income Trust has a 1 year low of $11.61 and a 1 year high of $15.40.

Institutional Investors Weigh In On The Gabelli Global Utility & Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of The Gabelli Global Utility & Income Trust in the 2nd quarter worth approximately $167,000. UBS Group AG boosted its position in The Gabelli Global Utility & Income Trust by 46.8% in the first quarter. UBS Group AG now owns 13,326 shares of the company’s stock worth $195,000 after purchasing an additional 4,249 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in The Gabelli Global Utility & Income Trust by 36.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,500 shares of the company’s stock valued at $204,000 after purchasing an additional 3,900 shares during the period. NewEdge Advisors LLC increased its position in shares of The Gabelli Global Utility & Income Trust by 11.9% during the 2nd quarter. NewEdge Advisors LLC now owns 13,200 shares of the company’s stock valued at $213,000 after purchasing an additional 1,400 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of The Gabelli Global Utility & Income Trust by 27.5% during the 2nd quarter. LPL Financial LLC now owns 27,333 shares of the company’s stock worth $441,000 after purchasing an additional 5,897 shares during the period.

The Gabelli Global Utility & Income Trust Company Profile

(Get Free Report)

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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