Reaves Utility Income Fund (NYSEAMERICAN:UTG) Sees Large Decrease in Short Interest

Posted by Brenda Bartman on Aug 30th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 63,653 shares, a decline of 60.4% from the July 30th total of 160,769 shares. Based on an average daily trading volume, of 234,189 shares, the short-interest ratio is presently 0.3 days.

Reaves Utility Income Fund Stock Down 1.3%

NYSEAMERICAN:UTG traded down $0.48 on Friday, hitting $37.72. The stock had a trading volume of 323,628 shares, compared to its average volume of 257,022. The business’s fifty day moving average is $39.70 and its 200 day moving average is $40.64. Reaves Utility Income Fund has a 52 week low of $35.81 and a 52 week high of $43.90.

Reaves Utility Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.21 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, September 17th.

Hedge Funds Weigh In On Reaves Utility Income Fund

A number of large investors have recently modified their holdings of UTG. Readystate Asset Management LP acquired a new stake in Reaves Utility Income Fund in the 2nd quarter valued at $605,000. Compass Financial Management LLC bought a new position in shares of Reaves Utility Income Fund in the second quarter valued at $110,000. Nabity Jensen Investment Management Inc bought a new position in shares of Reaves Utility Income Fund in the second quarter valued at $205,000. NWF Advisory Services Inc. grew its holdings in shares of Reaves Utility Income Fund by 39.2% during the second quarter. NWF Advisory Services Inc. now owns 69,225 shares of the closed-end fund’s stock valued at $2,819,000 after buying an additional 19,502 shares during the last quarter. Finally, Walker Asset Management LLC acquired a new position in shares of Reaves Utility Income Fund during the second quarter valued at about $210,000.

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.