It Seems Gabelli Utility Trust (the) (NYSE:GUT) Will Go Down. Just Reported More Shorted Shares

July 27, 2018 - By Pearl Odom

Investors sentiment increased to 3.8 in 2018 Q1. Its up 3.30, from 0.5 in 2017Q4. It increased, as 3 investors sold The Gabelli Utility Trust shares while 2 reduced holdings. 12 funds opened positions while 7 raised stakes. 3.92 million shares or 185.48% more from 1.37 million shares in 2017Q4 were reported.
Goldman Sachs Grp Inc holds 0% or 12,154 shares in its portfolio. Comml Bank Of America De, North Carolina-based fund reported 126,101 shares. Sei Investments owns 3,350 shares. Crestwood Gp Ltd Llc accumulated 15,000 shares. Credit Suisse Ag has 160,650 shares. Raymond James Fincl Incorporated reported 33,382 shares. 500 were reported by Manufacturers Life The. 23,656 were accumulated by Pnc Financial Service Gp. The Florida-based Raymond James Associates has invested 0% in The Gabelli Utility Trust (NYSE:GUT). Janney Montgomery Scott Limited Co accumulated 55,227 shares. 283,049 are owned by Gamco Inc Et Al. Wells Fargo And Com Mn stated it has 0% of its portfolio in The Gabelli Utility Trust (NYSE:GUT). Deutsche Natl Bank Ag holds 0% or 866 shares in its portfolio. 96,300 were accumulated by Yakira Capital Mgmt Inc. Rivernorth Mgmt Lc holds 184,979 shares or 0.09% of its portfolio.

The stock of Gabelli Utility Trust (the) (NYSE:GUT) registered an increase of 2.86% in short interest. GUT’s total short interest was 880,500 shares in July as published by FINRA. Its up 2.86% from 856,000 shares, reported previously. With 143,500 shares average volume, it will take short sellers 6 days to cover their GUT’s short positions.

The stock increased 0.34% or $0.02 during the last trading session, reaching $5.82. About 165,991 shares traded. The Gabelli Utility Trust (NYSE:GUT) has declined 14.91% since July 27, 2017 and is downtrending. It has underperformed by 27.48% the S&P500.

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The company has market cap of $256.99 million. It is managed by Gabelli Funds, LLC. It has a 12.44 P/E ratio. The fund invests in the public equity markets across the globe.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.