The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 600 shares, a decline of 72.7% from the August 15th total of 2,200 shares. Based on an average daily volume of 10,200 shares, the short-interest ratio is currently 0.1 days.
Shares of NYSEAMERICAN:GLU traded down $0.04 during midday trading on Wednesday, reaching $20.43. The company’s stock had a trading volume of 300 shares, compared to its average volume of 12,776. The Gabelli Global Utility & Income Trust has a 1 year low of $15.67 and a 1 year high of $24.05.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 17th. Shareholders of record on Friday, December 10th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Thursday, December 9th.
The Gabelli Global Utility & Income Trust Company Profile
Gabelli Global Utility & Income Trust is a non-diversified closed-end management investment company. Its investment objective is to seek consistent level of after-tax total return for its investors with an emphasis on qualified dividends by investing its assets in equity securities and income producing securities of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay dividends periodically.
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