Short Interest in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Increases By 37.1%

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 59,100 shares, a growth of 37.1% from the February 13th total of 43,100 shares. Based on an average daily volume of 54,800 shares, the short-interest ratio is presently 1.1 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

Shares of NYSE BUI traded up $0.12 during trading on Friday, hitting $22.74. 43,463 shares of the company traded hands, compared to its average volume of 51,086. The business’s fifty day moving average is $23.02 and its 200 day moving average is $23.36. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a fifty-two week low of $20.11 and a fifty-two week high of $24.94.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.136 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.63 annualized dividend and a dividend yield of 7.18%.

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

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC raised its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 204.8% during 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 purchasing an additional 2,800 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 9,374 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 603 shares during the last quarter. Mariner LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter worth about $222,000. Sage Investment Counsel LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 4th quarter worth about $227,000. Finally, PNC Financial Services Group Inc. raised 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.

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.