Reaves Utility Income Fund (NYSEAMERICAN:UTG) Short Interest Update

Posted by Geri Gentry on May 29th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 105,100 shares, an increase of 245.1% from the April 30th total of 30,457 shares. Based on an average trading volume of 192,743 shares, the days-to-cover ratio is currently 0.5 days.

Reaves Utility Income Fund Trading Down 0.7%

Shares of UTG traded down $0.29 during mid-day trading on Friday, reaching $42.37. The company’s stock had a trading volume of 148,337 shares, compared to its average volume of 250,176. Reaves Utility Income Fund has a 12-month low of $34.02 and a 12-month high of $43.90. The company’s 50 day moving average is $41.42 and its 200 day moving average is $39.34.

Reaves Utility Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Reaves Utility Income Fund by 34.5% in the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 37,764 shares of the closed-end fund’s stock valued at $1,496,000 after purchasing an additional 9,691 shares during the last quarter. Cornerstone Advisors LLC grew its stake in shares of Reaves Utility Income Fund by 4.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 768,185 shares of the closed-end fund’s stock valued at $30,435,000 after purchasing an additional 35,700 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Reaves Utility Income Fund by 6.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 9,216 shares of the closed-end fund’s stock valued at $365,000 after purchasing an additional 522 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Reaves Utility Income Fund by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 44,378 shares of the closed-end fund’s stock valued at $1,758,000 after purchasing an additional 9,779 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Reaves Utility Income Fund by 201.9% in the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the closed-end fund’s stock valued at $77,000 after purchasing an additional 1,302 shares during the last quarter.

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.