Reaves Utility Income Fund (NYSEAMERICAN:UTG) Short Interest Down 52.6% in April

Posted by George Bondi on May 15th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 30,457 shares, a decrease of 52.6% from the April 15th total of 64,273 shares. Based on an average trading volume of 201,645 shares, the days-to-cover ratio is presently 0.2 days.

Reaves Utility Income Fund Trading Down 2.4%

NYSEAMERICAN UTG traded down $1.02 during trading hours on Friday, reaching $42.24. 235,217 shares of the company traded hands, compared to its average volume of 252,345. Reaves Utility Income Fund has a 12 month low of $33.50 and a 12 month high of $43.90. The company has a 50 day moving average of $41.09 and a two-hundred day moving average of $39.05.

Reaves Utility Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be given a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, June 17th.

Hedge Funds Weigh In On Reaves Utility Income Fund

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in shares of Reaves Utility Income Fund by 52.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,760 shares of the closed-end fund’s stock worth $64,000 after purchasing an additional 602 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Reaves Utility Income Fund during the 1st quarter valued at approximately $73,000. Cornerstone Planning Group LLC acquired a new position in Reaves Utility Income Fund during the 4th quarter valued at approximately $75,000. Assetmark Inc. grew its stake in Reaves Utility Income Fund by 201.9% during the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the closed-end fund’s stock worth $77,000 after buying an additional 1,302 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in Reaves Utility Income Fund during the 4th quarter worth $91,000.

Reaves Utility Income Fund Company Profile

(Get Free Report)

Reaves Utility Income Fund (NYSE American: UTG) is a closed-end management investment company organized as a Delaware statutory trust. Since commencing operations in 1994, the fund’s primary objective has been to provide its shareholders with a high level of current income and the potential for capital appreciation. It does so by investing in a diversified portfolio of income-producing securities within the utilities sector.

The fund typically allocates its assets across common stocks, preferred stocks, corporate debt securities, convertible securities, rights, warrants and depositary receipts of regulated utility companies.