What’s Reaves Utility Income Fundhares of Benefi (NYSEAMERICAN:UTG) Upside After This Short Interest Increase?

March 14, 2018 - By Clifton Ray

 What's Reaves Utility Income Fundhares of Benefi (NYSEAMERICAN:UTG) Upside After This Short Interest Increase?

The stock of Reaves Utility Income Fundhares of Benefi (NYSEAMERICAN:UTG) registered an increase of 48.39% in short interest. UTG’s total short interest was 13,800 shares in March as published by FINRA. Its up 48.39% from 9,300 shares, reported previously. With 226,600 shares average volume, it will take short sellers 0 days to cover their UTG’s short positions.

The stock increased 0.25% or $0.07 during the last trading session, reaching $28.57. About 159,500 shares traded. Reaves Utility Income Fund (NYSEAMERICAN:UTG) has risen 22.14% since March 14, 2017 and is uptrending. It has outperformed by 5.44% the S&P500.

Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. The company has market cap of $1.39 billion. H. It has a 5.65 P/E ratio. Reaves & Company, Inc.

More notable recent Reaves Utility Income Fund (NYSEAMERICAN:UTG) news were published by: Seekingalpha.com which released: “Act Now To Lock In 6.2% Monthly Income On This Utility Fund” on October 16, 2017, also Seekingalpha.com with their article: “Reaves Utility Income Fund: What Do The 2012 And 2015 Rights Offerings Tell Us?” published on September 15, 2017, Seekingalpha.com published: “10 Reasons Why UTG Is Worth A Look” on February 19, 2015. More interesting news about Reaves Utility Income Fund (NYSEAMERICAN:UTG) were released by: Businesswire.com and their article: “Reaves Utility Income Fund Announces Final Results of Rights Offering” published on October 10, 2017 as well as Businesswire.com‘s news article titled: “The Reaves Utility Income Fund Announces a Special Distribution” with publication date: December 20, 2016.

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