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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in shares of The Gabelli Utility Trust by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock valued at $663,000 after acquiring an additional 3,075 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in The Gabelli Utility Trust by 4.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,124 shares during the period. Pure Financial Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust in the third quarter valued at $78,000. Arlington Capital Management Inc. acquired a new stake in shares of The Gabelli Utility Trust in the third quarter worth $286,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of The Gabelli Utility Trust during the third quarter valued at $378,000.

The Gabelli Utility Trust Stock Down 0.1 %

Shares of NYSE GUT opened at $5.35 on Wednesday. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.25. The business has a fifty day simple moving average of $5.35 and a 200-day simple moving average of $5.42.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date is Friday, June 13th.

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.