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

The Gabelli Utility Trust (NYSE:GUT) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,430,000 shares, an increase of 77.2% from the August 31st total of 2,500,000 shares. Based on an average daily trading volume, of 229,300 shares, the short-interest ratio is presently 19.3 days.

The Gabelli Utility Trust Price Performance

GUT stock traded down $0.02 during midday trading on Friday, reaching $5.23. The company had a trading volume of 270,539 shares, compared to its average volume of 178,124. The Gabelli Utility Trust has a 1 year low of $4.60 and a 1 year high of $6.30. The firm has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.83.

The Gabelli Utility Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.05 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 11.47%.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Utility Trust by 2.1% in the 1st quarter. International Assets Investment Management LLC now owns 99,197 shares of the investment management company’s stock worth $548,000 after acquiring an additional 2,000 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in The Gabelli Utility Trust by 4.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 45,808 shares of the investment management company’s stock valued at $248,000 after buying an additional 2,072 shares during the last quarter. Brookstone Capital Management raised its holdings in The Gabelli Utility Trust by 10.6% during the 2nd quarter. Brookstone Capital Management now owns 33,300 shares of the investment management company’s stock valued at $204,000 after buying an additional 3,179 shares during the last quarter. MAS Advisors LLC raised its holdings 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 buying an additional 3,396 shares during the last quarter. Finally, 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 valued at $35,000 after buying an additional 5,030 shares during the last quarter.

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.