Short Interest in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Decreases By 18.4%

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 68,200 shares, a decline of 18.4% from the March 15th total of 83,600 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth approximately $5,473,000. Bank of America Corp DE grew its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.4% in the 4th quarter. Bank of America Corp DE now owns 435,893 shares of the real estate investment trust’s stock worth $10,213,000 after acquiring an additional 37,284 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 216.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,017 shares of the real estate investment trust’s stock worth $1,125,000 after purchasing an additional 32,852 shares during the period. Wells Fargo & Company MN boosted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 57.8% in the 4th quarter. Wells Fargo & Company MN now owns 76,415 shares of the real estate investment trust’s stock valued at $1,790,000 after purchasing an additional 27,979 shares during the period. Finally, Ameriprise Financial Inc. grew its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.9% during the 4th quarter. Ameriprise Financial Inc. now owns 409,909 shares of the real estate investment trust’s stock worth $9,580,000 after purchasing an additional 19,078 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of BUI traded down $0.23 during mid-day trading on Monday, reaching $22.16. 47,215 shares of the company’s stock traded hands, compared to its average volume of 50,537. The business’s 50-day moving average price is $22.52 and its 200-day moving average price is $23.09. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 12 month low of $20.27 and a 12 month high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.136 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.63 annualized dividend and a dividend yield of 7.36%.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the utilities and infrastructure sectors.