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

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of BUI traded up $0.29 during midday trading on Friday, hitting $22.48. The stock had a trading volume of 47,061 shares, compared to its average volume of 50,550. The business has a 50-day simple moving average of $22.52 and a two-hundred day simple moving average of $23.09. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a fifty-two week low of $20.27 and a fifty-two week high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.136 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.63 annualized dividend and a dividend yield of 7.26%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. NBC Securities Inc. grew its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 103,187.5% during the 1st quarter. NBC Securities Inc. now owns 8,263 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 8,255 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 603 shares in the last quarter. Mariner LLC acquired a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter valued at approximately $222,000. Sage Investment Counsel LLC purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter worth approximately $227,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,859 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 761 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.