BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Short Interest Update

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 59,100 shares, an increase of 37.1% from the February 13th total of 43,100 shares. Based on an average daily volume of 54,800 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.9 %

NYSE BUI traded up $0.21 during trading on Monday, hitting $22.93. The company had a trading volume of 57,771 shares, compared to its average volume of 50,881. The company’s fifty day moving average is $23.02 and its 200-day moving average is $23.36. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a one year low of $20.11 and a one year high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date is Friday, March 14th.

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.