Short Interest in The Gabelli Utility Trust (NYSE:GUT) Drops By 8.8%

The Gabelli Utility Trust (NYSE:GUT) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 443,300 shares, a drop of 8.8% from the January 15th total of 486,100 shares. Based on an average daily trading volume, of 285,500 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of The Gabelli Utility Trust

A number of institutional investors have recently added to or reduced their stakes in GUT. Pure Financial Advisors LLC acquired a new position in shares of The Gabelli Utility Trust during the 3rd quarter worth $78,000. Arlington Capital Management Inc. bought a new stake in The Gabelli Utility Trust in the third quarter worth $286,000. Wolverine Asset Management LLC acquired a new position in The Gabelli Utility Trust during the third quarter worth $378,000. Nations Financial Group Inc. IA ADV raised its holdings in The Gabelli Utility Trust by 4.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,124 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of The Gabelli Utility Trust by 95.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after buying an additional 43,574 shares during the last quarter.

The Gabelli Utility Trust Stock Performance

GUT stock traded down $0.04 during mid-day trading on Monday, hitting $5.36. The stock had a trading volume of 344,993 shares, compared to its average volume of 235,340. The Gabelli Utility Trust has a 1-year low of $4.97 and a 1-year high of $6.25. The company has a fifty day moving average of $5.35 and a 200 day moving average of $5.42.

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 given a dividend of $0.05 per share. This represents a yield of 11.03%. The ex-dividend date was Thursday, January 16th.

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.