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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 55,600 shares, an increase of 504.3% from the November 30th total of 9,200 shares. Based on an average daily trading volume, of 46,600 shares, the short-interest ratio is presently 1.2 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 65,197 shares of the real estate investment trust’s stock worth $1,444,000 after purchasing an additional 923 shares during the period. Consolidated Portfolio Review Corp grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 254.8% during the second quarter. Consolidated Portfolio Review Corp now owns 42,846 shares of the real estate investment trust’s stock valued at $949,000 after buying an additional 30,771 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% in the second quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,200 shares during the period. Cornerstone Advisors LLC lifted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.4% in the 2nd quarter. Cornerstone Advisors LLC now owns 274,130 shares of the real estate investment trust’s stock valued at $6,072,000 after acquiring an additional 30,276 shares during the last quarter. Finally, Prairie Wealth Advisors Inc. boosted its holdings in 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 valued at $1,159,000 after acquiring an additional 983 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Down 0.2 %

BUI traded down $0.04 during midday trading on Friday, hitting $23.12. The stock had a trading volume of 36,135 shares, compared to its average volume of 51,780. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1 year low of $20.11 and a 1 year high of $24.94. The business has a fifty day moving average of $23.40 and a 200 day moving average of $23.18.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a $0.136 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.06%.

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.