Reaves Utility Income Fund (NYSEAMERICAN:UTG) Short Interest Up 239.5% in July

Posted by Geri Gentry on Jul 26th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 47,850 shares, an increase of 239.5% from the June 30th total of 14,096 shares. Based on an average trading volume of 253,848 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Reaves Utility Income Fund

Several hedge funds have recently bought and sold shares of UTG. Walker Asset Management LLC acquired a new stake in shares of Reaves Utility Income Fund during the second quarter valued at $210,000. Abound Wealth Management acquired a new position in Reaves Utility Income Fund in the 2nd quarter valued at about $32,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Reaves Utility Income Fund by 9.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 11,684 shares of the closed-end fund’s stock valued at $476,000 after purchasing an additional 977 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in Reaves Utility Income Fund by 8.1% in the 2nd quarter. Focus Financial Network Inc. now owns 15,321 shares of the closed-end fund’s stock valued at $624,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in shares of Reaves Utility Income Fund during the 2nd quarter worth about $653,000.

Reaves Utility Income Fund Stock Down 1.0%

Shares of UTG stock traded down $0.39 during trading hours on Friday, hitting $40.04. The company’s stock had a trading volume of 149,597 shares, compared to its average volume of 253,336. The business has a fifty day moving average of $41.03 and a 200-day moving average of $40.39. Reaves Utility Income Fund has a twelve month low of $35.81 and a twelve month high of $43.90.

Reaves Utility Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

About Reaves Utility Income Fund

(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.