Reaves Utility Income Fund (NYSEAMERICAN:UTG) Sees Significant Drop in Short Interest

Posted by Brenda Bartman on Jul 15th, 2026

Reaves Utility Income Fund (NYSEAMERICAN:UTG – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 14,096 shares, a drop of 52.4% from the June 15th total of 29,641 shares. Based on an average trading volume of 301,568 shares, the short-interest ratio is presently 0.0 days.

Reaves Utility Income Fund Trading Down 0.7%

UTG traded down $0.29 on Wednesday, hitting $40.69. The company had a trading volume of 201,318 shares, compared to its average volume of 254,287. The business’s fifty day simple moving average is $41.51 and its 200 day simple moving average is $40.24. Reaves Utility Income Fund has a 12-month low of $35.81 and a 12-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. Stockholders of record on Thursday, September 17th will be issued a $0.21 dividend. The ex-dividend date is Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Institutional Trading of Reaves Utility Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of UTG. Abound Wealth Management bought a new position in Reaves Utility Income Fund during the second quarter valued at $32,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Reaves Utility Income Fund by 52.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,760 shares of the closed-end fund’s stock worth $64,000 after acquiring an additional 602 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Reaves Utility Income Fund during the 1st quarter worth about $73,000. Cornerstone Planning Group LLC bought a new position in Reaves Utility Income Fund during the 4th quarter valued at about $75,000. Finally, Laurel Wealth Advisors LLC bought a new position in Reaves Utility Income Fund during the 4th quarter valued at about $91,000.

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.