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

The Gabelli Utility Trust (NYSE:GUTGet Rating) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 611,500 shares, an increase of 19.1% from the August 15th total of 513,400 shares. Based on an average daily trading volume, of 133,600 shares, the short-interest ratio is currently 4.6 days.

The Gabelli Utility Trust Trading Down 0.1 %

Shares of GUT opened at $7.67 on Friday. The Gabelli Utility Trust has a 52 week low of $6.41 and a 52 week high of $8.36. The firm’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.33.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 9th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Thursday, December 8th.

Institutional Trading of The Gabelli Utility Trust

A number of institutional investors and hedge funds have recently made changes to their positions in GUT. D.A. Davidson & CO. bought a new position in The Gabelli Utility Trust in the 2nd quarter valued at approximately $70,000. MAS Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust during the first quarter worth $78,000. Good Life Advisors LLC increased its position in shares of The Gabelli Utility Trust by 12.0% during the first quarter. Good Life Advisors LLC now owns 20,108 shares of the investment management company’s stock worth $144,000 after buying an additional 2,159 shares during the period. NewEdge Advisors LLC increased its position in shares of The Gabelli Utility Trust by 17.0% during the first quarter. NewEdge Advisors LLC now owns 22,015 shares of the investment management company’s stock worth $157,000 after buying an additional 3,200 shares during the period. Finally, BNC Wealth Management LLC grew its holdings in The Gabelli Utility Trust by 16.4% in the second quarter. BNC Wealth Management LLC now owns 24,742 shares of the investment management company’s stock worth $168,000 after purchasing an additional 3,479 shares during the period.

About The Gabelli Utility Trust

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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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