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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 53,460 shares, a decrease of 43.6% from the April 15th total of 94,855 shares. Based on an average trading volume of 78,765 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

Several institutional investors and hedge funds have recently bought and sold shares of BUI. Ameriprise Financial Inc. boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 512,375 shares of the real estate investment trust’s stock valued at $13,409,000 after acquiring an additional 18,512 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.0% in the 3rd quarter. Bank of America Corp DE now owns 466,273 shares of the real estate investment trust’s stock valued at $12,202,000 after acquiring an additional 22,248 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.3% in the 3rd quarter. Raymond James Financial Inc. now owns 335,365 shares of the real estate investment trust’s stock valued at $8,777,000 after acquiring an additional 4,268 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the 2nd quarter. Invesco Ltd. now owns 224,021 shares of the real estate investment trust’s stock valued at $5,769,000 after acquiring an additional 2,292 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 24.5% in the 4th quarter. LPL Financial LLC now owns 168,406 shares of the real estate investment trust’s stock valued at $4,326,000 after acquiring an additional 33,130 shares during the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of BUI traded down $0.03 during mid-day trading on Monday, hitting $27.32. 73,696 shares of the company traded hands, compared to its average volume of 107,380. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1-year low of $23.56 and a 1-year high of $30.80. The business has a 50 day moving average of $27.02 and a 200 day moving average of $26.99.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.136 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) is a closed-end management investment company that seeks to provide investors with a diversified portfolio of global utilities, infrastructure and power-related securities. Managed by BlackRock Advisors, the trust taps into BlackRock’s expansive research platform to identify companies involved in the generation, transmission and distribution of essential services such as electricity, water, transportation and renewable energy.

The trust’s primary objective is total return, emphasizing both current income and capital appreciation.