The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Sees Large Decline in Short Interest

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, a decrease of 43.1% from the February 28th total of 5,800 shares. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is presently 0.3 days.

The Gabelli Global Utility & Income Trust Stock Up 0.4 %

Shares of NYSEAMERICAN:GLU opened at $16.24 on Friday. The business’s 50 day simple moving average is $15.57. The Gabelli Global Utility & Income Trust has a one year low of $13.32 and a one year high of $17.44.

About The Gabelli Global Utility & Income Trust

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.