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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 83,600 shares, an increase of 41.5% from the February 28th total of 59,100 shares. Based on an average trading volume of 54,900 shares, the short-interest ratio is currently 1.5 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

NYSE BUI traded up $0.12 on Monday, hitting $22.65. The stock had a trading volume of 78,270 shares, compared to its average volume of 50,367. The firm has a 50-day moving average of $22.94 and a 200-day moving average of $23.32. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $20.11 and a 52-week high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Friday, March 14th.

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

A number of institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% in 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 purchased a new stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust in the fourth quarter worth approximately $222,000. Sage Investment Counsel LLC bought a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the fourth quarter valued at approximately $227,000. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,859 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 761 shares during the last quarter. Finally, Chancellor Financial Group WB LP purchased a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter valued at $260,000.

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.