BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Sees Significant Decrease in Short Interest

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 42,685 shares, a decrease of 35.0% from the September 30th total of 65,664 shares. Based on an average daily volume of 91,611 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 474 shares in the last quarter. Stronghold Wealth Management L.L.C. grew its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.1% during the 3rd quarter. Stronghold Wealth Management L.L.C. now owns 9,163 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 686 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 2nd quarter valued at approximately $27,000. B. Riley Wealth Advisors Inc. grew its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 26,648 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 1,182 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter valued at approximately $53,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

BUI opened at $26.32 on Monday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 12-month low of $24.14 and a 12-month high of $30.80. The company’s 50 day moving average is $25.90 and its 200 day moving average is $27.23.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.1540 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 7.0%.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return and income by investing in companies involved in utilities, infrastructure and the power sector.

BUI invests primarily in equity securities, including common and preferred stocks, of businesses that own, develop, operate or provide services to essential infrastructure and energy-related assets. Its portfolio may include electric, gas and water utilities; power generation and transmission companies; renewable energy businesses; and firms supporting transportation, communications and other infrastructure systems.

The trust has a global investment mandate and may invest in companies based in the United States and other developed or emerging markets.