Short Interest in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Drops By 72.9%

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 4,200 shares, a drop of 72.9% from the September 30th total of 15,500 shares. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Trading Down 0.7 %

NYSE BUI traded down $0.16 on Friday, hitting $23.34. The company’s stock had a trading volume of 61,564 shares, compared to its average volume of 52,798. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52-week low of $18.73 and a 52-week high of $24.94. The company’s 50-day simple moving average is $23.62 and its 200 day simple moving average is $22.71.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.121 dividend. This represents a $1.45 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 65.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,410 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 17,510 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.0% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 43,279 shares of the real estate investment trust’s stock worth $1,075,000 after acquiring an additional 433 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 3rd quarter worth approximately $377,000. SeaCrest Wealth Management LLC bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the 3rd quarter worth approximately $218,000. Finally, Prairie Wealth Advisors Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 52,343 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 983 shares in the last quarter.

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.