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

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

BUI traded up $0.26 during trading on Tuesday, hitting $26.68. 21,032 shares of the company traded hands, compared to its average volume of 90,567. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a one year low of $24.14 and a one year high of $30.80. The stock’s fifty day moving average is $25.89 and its 200 day moving average is $27.23.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.1540 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.85 annualized dividend and a yield of 6.9%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 2nd quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter valued at about $53,000. Fifth Third Bancorp bought a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 1st quarter valued at about $123,000. Stronghold Wealth Management L.L.C. lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.1% during the third 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 purchasing an additional 686 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 474 shares during the last quarter.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.