The Gabelli Utility Trust (NYSE:GUT) Short Interest Update

The Gabelli Utility Trust (NYSE:GUT) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 443,300 shares, a decrease of 8.8% from the January 15th total of 486,100 shares. Based on an average daily trading volume, of 285,500 shares, the days-to-cover ratio is currently 1.6 days.

The Gabelli Utility Trust Trading Down 0.8 %

GUT stock traded down $0.04 during trading on Monday, reaching $5.36. 344,993 shares of the company’s stock were exchanged, compared to its average volume of 235,340. The Gabelli Utility Trust has a 1-year low of $4.97 and a 1-year high of $6.25. The company’s fifty day moving average price is $5.35 and its 200-day moving average price is $5.42.

The Gabelli Utility Trust Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 11.03%.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several hedge funds have recently modified their holdings of the company. Pure Financial Advisors LLC acquired a new stake in The Gabelli Utility Trust during the third quarter valued at approximately $78,000. Arlington Capital Management Inc. bought a new position in shares of The Gabelli Utility Trust in the third quarter valued at $286,000. Wolverine Asset Management LLC acquired a new stake in shares of The Gabelli Utility Trust during the 3rd quarter valued at $378,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of The Gabelli Utility Trust by 4.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after acquiring an additional 2,124 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of The Gabelli Utility Trust by 95.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after acquiring an additional 43,574 shares in the last quarter.

The Gabelli Utility Trust Company Profile

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.