Short Interest in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Increases By 504.3%

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

NYSE BUI traded down $0.01 on Friday, reaching $23.15. 35,005 shares of the stock traded hands, compared to its average volume of 51,772. The firm’s fifty day simple moving average is $23.42 and its 200 day simple moving average is $23.18. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 12 month low of $20.11 and a 12 month high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were paid a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors LLC boosted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.4% during the second quarter. Cornerstone Advisors LLC now owns 274,130 shares of the real estate investment trust’s stock worth $6,072,000 after buying an additional 30,276 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 65,197 shares of the real estate investment trust’s stock valued at $1,444,000 after buying an additional 923 shares in the last quarter. Prairie Wealth Advisors Inc. raised its position in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in 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 last quarter. Stifel Financial Corp lifted its position 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 valued at $1,166,000 after purchasing an additional 12,571 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 65.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,410 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 17,510 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.