The Gabelli Utility Trust (NYSE:GUT – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 4,430,000 shares, a growth 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 days-to-cover ratio is presently 19.3 days.
The Gabelli Utility Trust Stock Performance
Shares of NYSE:GUT traded down $0.02 during midday trading on Friday, hitting $5.23. The company’s stock had a trading volume of 270,539 shares, compared to its average volume of 178,124. The Gabelli Utility Trust has a 12-month low of $4.60 and a 12-month high of $6.30. The business’s 50 day simple moving average is $5.86 and its 200 day simple moving average is $5.83.
The Gabelli Utility Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a dividend yield of 11.47%.
Institutional Investors Weigh In On The Gabelli Utility Trust
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.
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