The Gabelli Utility Trust (NYSE:GUT) Sees Significant Growth in Short Interest

The Gabelli Utility Trust (NYSE:GUT) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 486,100 shares, a growth of 19.4% from the December 31st total of 407,000 shares. Based on an average trading volume of 298,300 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On The Gabelli Utility Trust

Several large investors have recently bought and sold shares of GUT. Private Advisor Group LLC grew its stake in shares of The Gabelli Utility Trust by 50.6% during the 4th quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 7,087 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $92,000. Sonora Investment Management Group LLC grew its stake in shares of The Gabelli Utility Trust by 20.0% during the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 2,404 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $62,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of The Gabelli Utility Trust by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock valued at $663,000 after purchasing an additional 3,075 shares during the period.

The Gabelli Utility Trust Trading Down 0.9 %

The Gabelli Utility Trust stock traded down $0.05 during mid-day trading on Monday, hitting $5.43. The company had a trading volume of 21,318 shares, compared to its average volume of 232,340. The stock’s 50 day moving average price is $5.32 and its two-hundred day moving average price is $5.47. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.25.

The Gabelli Utility Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 11.03%.

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.