BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Short Interest Climbs 299.4%

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 170,494 shares, a growth of 299.4% from the October 15th total of 42,685 shares. Based on an average daily volume of 104,771 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the second quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at $53,000. Fifth Third Bancorp bought a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at $123,000. Stronghold Wealth Management L.L.C. lifted 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 worth $228,000 after purchasing an additional 686 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.5% during the 3rd quarter. HighTower Advisors LLC now owns 12,830 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 3,430 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

Shares of BUI traded down $0.27 during trading hours on Friday, hitting $26.21. The company’s stock had a trading volume of 45,904 shares, compared to its average volume of 90,000. The business has a 50 day simple moving average of $25.80 and a two-hundred day simple moving average of $27.23. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $24.14 and a 52-week high of $30.80.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

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

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.