The Gabelli Utility Trust (NYSE:GUT – Get Free Report) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 590,000 shares, a decrease of 86.1% from the October 15th total of 4,240,000 shares. Based on an average trading volume of 322,900 shares, the days-to-cover ratio is presently 1.8 days.
The Gabelli Utility Trust Trading Up 0.4 %
GUT traded up $0.02 during midday trading on Tuesday, reaching $5.08. 352,815 shares of the company’s stock traded hands, compared to its average volume of 196,757. The firm has a fifty day moving average of $5.26 and a two-hundred day moving average of $5.75. The Gabelli Utility Trust has a 52 week low of $4.97 and a 52 week high of $6.28.
The Gabelli Utility Trust Announces Dividend
The firm also recently declared a dividend, which was paid on Thursday, October 24th. Shareholders of record on Friday, October 18th were given a $0.05 dividend. The ex-dividend date was Thursday, October 17th. This represents a yield of 11.7%.
Institutional Trading of The Gabelli Utility Trust
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.
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