The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Short Interest Update

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,200 shares, an increase of 178.8% from the March 15th total of 3,300 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 0.7 days.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of NYSEAMERICAN:GLU traded up $0.37 during midday trading on Tuesday, hitting $15.72. 12,656 shares of the stock traded hands, compared to its average volume of 14,386. The business’s 50 day moving average is $15.72 and its two-hundred day moving average is $15.51. The Gabelli Global Utility & Income Trust has a one year low of $13.35 and a one year high of $17.44.

The Gabelli Global Utility & Income Trust 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.