Reaves Utility Income Fund (NYSEAMERICAN:UTG) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 81,070 shares, an increase of 43.1% from the April 15th total of 56,635 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 109,131 shares, the days-to-cover ratio is presently 0.7 days.
Large investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC bought a new stake in Reaves Utility Income Fund during the 1st quarter valued at about $45,000. Bruderman Asset Management LLC bought a new stake in Reaves Utility Income Fund during the 4th quarter valued at about $46,000. Liberty Wealth Management LLC bought a new stake in Reaves Utility Income Fund during the 4th quarter valued at about $51,000. Parallel Advisors LLC increased its stake in Reaves Utility Income Fund by 196.6% during the 4th quarter. Parallel Advisors LLC now owns 1,928 shares of the closed-end fund’s stock valued at $56,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in Reaves Utility Income Fund during the 1st quarter valued at about $58,000.
NYSEAMERICAN:UTG opened at $34.79 on Thursday. Reaves Utility Income Fund has a fifty-two week low of $26.96 and a fifty-two week high of $34.98.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/23/reaves-utility-income-fund-utg-short-interest-up-43-1-in-april.html.
Reaves Utility Income Fund Company Profile
There is no company description available for Reaves Utility Income Trust.
Recommended Story: Why is the LIBOR significant?
Receive News & Ratings for Reaves Utility Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reaves Utility Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.