The best part of it is, for the rest of the season punt coverage teams are going to be slowed looking for the ball and making sure the Utes aren't doing it again. Which should help with average yardage on punt returns for the rest of the season.
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I think it's something they have called on more than just this punt, if the kicker kicks it left Covey runs right and looks like he's going to catch it. It the kicker kicks it anywhere else Covey just catches it and runs or calls a fair catch. I'd have to go back and see what Hobbs is doing on other punt returns both in this game and others to see if that's the case. Since I don't know how or have the desire to find out I guess I'll assume this is the case.