Short Interest in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Declines By 21.7%

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLUGet Free Report) was the target of a significant decline in short interest during the month of February. As of February 29th, there was short interest totalling 5,400 shares, a decline of 21.7% from the February 14th total of 6,900 shares. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Global Utility & Income Trust Stock Up 1.2 %

Shares of NYSEAMERICAN GLU traded up $0.15 during midday trading on Friday, reaching $13.46. 4,500 shares of the company’s stock were exchanged, compared to its average volume of 11,642. The Gabelli Global Utility & Income Trust has a 52-week low of $11.61 and a 52-week high of $15.40.

Hedge Funds Weigh In On The Gabelli Global Utility & Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its position in shares of The Gabelli Global Utility & Income Trust by 8.3% during the second quarter. UBS Group AG now owns 22,698 shares of the company’s stock worth $366,000 after buying an additional 1,741 shares during the period. LPL Financial LLC boosted its position in shares of The Gabelli Global Utility & Income Trust by 27.5% during the second quarter. LPL Financial LLC now owns 27,333 shares of the company’s stock worth $441,000 after buying an additional 5,897 shares during the period. NewEdge Advisors LLC boosted its position in shares of The Gabelli Global Utility & Income Trust by 11.9% during the second quarter. NewEdge Advisors LLC now owns 13,200 shares of the company’s stock worth $213,000 after buying an additional 1,400 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of The Gabelli Global Utility & Income Trust by 5.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 39,804 shares of the company’s stock worth $561,000 after buying an additional 2,150 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of The Gabelli Global Utility & Income Trust by 36.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,500 shares of the company’s stock worth $204,000 after buying an additional 3,900 shares during the period.

About The Gabelli Global Utility & Income Trust

(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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