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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 10,600 shares, a growth of 12.8% from the September 30th total of 9,400 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is currently 0.6 days.

The Gabelli Global Utility & Income Trust Trading Up 0.8 %

The Gabelli Global Utility & Income Trust stock traded up $0.12 during midday trading on Thursday, reaching $16.26. The company’s stock had a trading volume of 6,883 shares, compared to its average volume of 13,811. The Gabelli Global Utility & Income Trust has a 52 week low of $11.75 and a 52 week high of $17.18.

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.