Short Interest in The Gabelli Utility Trust (NYSE:GUT) Rises By 9.8%

The Gabelli Utility Trust (NYSE:GUT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,240,000 shares, an increase of 9.8% from the September 30th total of 3,860,000 shares. Based on an average trading volume of 287,800 shares, the days-to-cover ratio is currently 14.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arlington Capital Management Inc. acquired a new stake in shares of The Gabelli Utility Trust in the 3rd quarter valued at $286,000. Pure Financial Advisors LLC bought a new position in The Gabelli Utility Trust in the third quarter valued at about $78,000. Aristides Capital LLC acquired a new stake in The Gabelli Utility Trust in the second quarter worth about $853,000. Northwestern Mutual Wealth Management Co. raised its holdings in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after purchasing an additional 5,030 shares during the last quarter. Finally, MAS Advisors LLC lifted its position in The Gabelli Utility Trust by 3.3% during the 2nd quarter. MAS Advisors LLC now owns 107,533 shares of the investment management company’s stock valued at $637,000 after purchasing an additional 3,396 shares during the period.

The Gabelli Utility Trust Trading Down 0.2 %

Shares of NYSE GUT traded down $0.01 during trading on Thursday, reaching $5.04. The company had a trading volume of 154,915 shares, compared to its average volume of 191,288. The Gabelli Utility Trust has a 52 week low of $4.97 and a 52 week high of $6.30. The business’s 50 day moving average price is $5.42 and its 200-day moving average price is $5.77.

The Gabelli Utility Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Friday, October 18th were issued a $0.05 dividend. This represents a dividend yield of 11.7%. The ex-dividend date of this dividend was Thursday, October 17th.

About The Gabelli Utility Trust

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.