BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Short Interest Up 26.8% in December

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

BUI stock traded down $0.01 during midday trading on Friday, hitting $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 52-week low of $20.11 and a 52-week high of $24.94. The firm has a 50-day simple moving average of $23.35 and a 200-day simple moving average of $23.29.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

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

Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of hedge funds have recently bought and sold shares of BUI. Larson Financial Group LLC raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% in the third quarter. Larson Financial Group LLC now owns 4,167 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 2,800 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 3rd quarter worth about $218,000. Janney Montgomery Scott LLC lifted its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 15.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,898 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 1,700 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1,494.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,795 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 12,930 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the third quarter valued at approximately $377,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.