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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 53,460 shares, a decrease of 43.6% from the April 15th total of 94,855 shares. Based on an average daily trading volume, of 78,765 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthspire Retirement LLC grew its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the 1st quarter. Wealthspire Retirement LLC now owns 124,426 shares of the real estate investment trust’s stock worth $3,282,000 after buying an additional 2,275 shares in the last quarter. Fifth Third Bancorp acquired a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the first quarter worth approximately $123,000. Janney Montgomery Scott LLC lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% in the first 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 during the period. Smith Asset Management Co. LLC lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.1% in the fourth quarter. Smith Asset Management Co. LLC now owns 53,262 shares of the real estate investment trust’s stock worth $1,368,000 after purchasing an additional 4,451 shares during the period. Finally, NewEdge Advisors LLC lifted its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 13,600 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 427 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

BUI stock traded down $0.46 on Friday, reaching $27.41. The company’s stock had a trading volume of 102,813 shares, compared to its average volume of 107,742. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52 week low of $23.56 and a 52 week high of $30.80. The firm has a fifty day moving average of $27.08 and a two-hundred day moving average of $26.98.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.136 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) is a closed-end management investment company that seeks to provide investors with a diversified portfolio of global utilities, infrastructure and power-related securities. Managed by BlackRock Advisors, the trust taps into BlackRock’s expansive research platform to identify companies involved in the generation, transmission and distribution of essential services such as electricity, water, transportation and renewable energy.

The trust’s primary objective is total return, emphasizing both current income and capital appreciation.