The Gabelli Utility Trust (NYSE:GUT – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 590,000 shares, a drop of 86.1% from the October 15th total of 4,240,000 shares. Based on an average daily trading volume, of 322,900 shares, the short-interest ratio is presently 1.8 days.
The Gabelli Utility Trust Stock Up 0.4 %
Shares of NYSE:GUT traded up $0.02 during midday trading on Tuesday, hitting $5.08. The company had a trading volume of 352,815 shares, compared to its average volume of 196,757. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.28. The firm has a fifty day simple moving average of $5.26 and a 200 day simple moving average of $5.75.
The Gabelli Utility Trust Announces Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, October 24th. Investors of record on Friday, October 18th were paid a dividend of $0.05 per share. This represents a yield of 11.7%. The ex-dividend date of this dividend was Thursday, October 17th.
Institutional Trading of The Gabelli Utility Trust
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.
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