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

The Gabelli Utility Trust (NYSE:GUT) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 505,400 shares, an increase of 26.3% from the November 30th total of 400,300 shares. Based on an average daily volume of 304,600 shares, the days-to-cover ratio is currently 1.7 days.

The Gabelli Utility Trust Stock Performance

The Gabelli Utility Trust stock opened at $5.12 on Tuesday. The Gabelli Utility Trust has a 1-year low of $4.97 and a 1-year high of $6.25. The firm’s fifty day simple moving average is $5.20 and its 200-day simple moving average is $5.58.

The Gabelli Utility Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV lifted its stake in shares of The Gabelli Utility Trust by 4.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after buying an additional 2,124 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in The Gabelli Utility Trust in the 3rd quarter valued at $378,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust in the 3rd quarter worth $286,000. Pure Financial Advisors LLC acquired a new position in The Gabelli Utility Trust during the 3rd quarter worth $78,000. Finally, Aristides Capital LLC acquired a new position in The Gabelli Utility Trust during the 2nd quarter worth $853,000.

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.