BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Stock Short Interest Drops 35.0%

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 42,685 shares, a drop of 35.0% from the September 30th total of 65,664 shares. Based on an average daily volume of 91,611 shares, the short-interest ratio is presently 0.5 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

BUI stock opened at $26.32 on Monday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1-year low of $24.14 and a 1-year high of $30.80. The business has a fifty day moving average price of $25.90 and a 200-day moving average price of $27.23.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.1540 dividend. This represents a $1.85 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock Utilities, Infrastructure & Power Opportunities Trust

A number of institutional investors have recently made changes to their positions in the stock. Wealthspire Retirement LLC boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 1.9% in the first quarter. Wealthspire Retirement LLC now owns 124,426 shares of the real estate investment trust’s stock worth $3,282,000 after purchasing an additional 2,275 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 26,648 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 1,182 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter valued at $597,000. Janney Montgomery Scott LLC lifted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,178 shares of the real estate investment trust’s stock valued at $480,000 after buying an additional 474 shares during the period. Finally, Stronghold Wealth Management L.L.C. boosted its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.1% in the 3rd quarter. Stronghold Wealth Management L.L.C. now owns 9,163 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 686 shares during the last quarter.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return and income by investing in companies involved in utilities, infrastructure and the power sector.

BUI invests primarily in equity securities, including common and preferred stocks, of businesses that own, develop, operate or provide services to essential infrastructure and energy-related assets. Its portfolio may include electric, gas and water utilities; power generation and transmission companies; renewable energy businesses; and firms supporting transportation, communications and other infrastructure systems.

The trust has a global investment mandate and may invest in companies based in the United States and other developed or emerging markets.