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

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 1.2 days.

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

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.4% during 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 during the period. Consolidated Portfolio Review Corp boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 254.8% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 42,846 shares of the real estate investment trust’s stock valued at $949,000 after purchasing an additional 30,771 shares during the period. Larson Financial Group LLC grew its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 718.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,367 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,200 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.4% in the second quarter. Cornerstone Advisors LLC now owns 274,130 shares of the real estate investment trust’s stock worth $6,072,000 after purchasing an additional 30,276 shares during the period. Finally, Prairie Wealth Advisors Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the second quarter. Prairie Wealth Advisors Inc. now owns 52,343 shares of the real estate investment trust’s stock worth $1,159,000 after buying an additional 983 shares in the last quarter.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

Shares of NYSE BUI traded down $0.04 during midday trading on Friday, hitting $23.12. The company’s stock had a trading volume of 36,135 shares, compared to its average volume of 51,780. The stock has a fifty day moving average price of $23.40 and a 200 day moving average price of $23.18. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a one year low of $20.11 and a one year 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 issued a dividend of $0.136 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.63 dividend on an annualized basis and a yield of 7.06%.

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.