The Gabelli Utility Trust (NYSE:GUT) Short Interest Up 26.3% in December

The Gabelli Utility Trust (NYSE:GUT) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 505,400 shares, a growth of 26.3% from the November 30th total of 400,300 shares. Based on an average daily trading volume, of 304,600 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 2nd quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in The Gabelli Utility Trust by 601.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after purchasing an additional 5,030 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in The Gabelli Utility Trust during the third quarter worth $78,000. Rothschild Investment LLC purchased a new stake in The Gabelli Utility Trust during the second quarter worth $262,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in The Gabelli Utility Trust by 4.1% in 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 purchasing an additional 2,124 shares during the last quarter.

The Gabelli Utility Trust Stock Down 1.0 %

Shares of GUT opened at $5.12 on Tuesday. The stock’s 50 day moving average is $5.20 and its two-hundred day moving average is $5.58. The Gabelli Utility Trust has a twelve month low of $4.97 and a twelve month high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, January 16th.

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.