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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 70,500 shares, a growth of 26.8% from the December 15th total of 55,600 shares. Based on an average daily volume of 49,500 shares, the short-interest ratio is currently 1.4 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 0.0 %

BUI traded down $0.01 on Friday, reaching $23.48. The company’s stock had a trading volume of 44,766 shares, compared to its average volume of 68,306. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1 year low of $20.11 and a 1 year high of $24.94. The business’s 50 day moving average is $23.35 and its 200 day moving average is $23.29.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BUI. Stifel Financial Corp lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.6% during the 3rd quarter. Stifel Financial Corp now owns 46,952 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 12,571 shares during the last quarter. Larson Financial Group LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% during the 3rd quarter. Larson Financial Group LLC now owns 4,167 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 2,800 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 43,279 shares of the real estate investment trust’s stock worth $1,075,000 after purchasing an additional 433 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth approximately $218,000. Finally, Prairie Wealth Advisors Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 52,343 shares of the real estate investment trust’s stock worth $1,159,000 after purchasing an additional 983 shares during the period.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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.