BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Shares Shorted: Short Interest Up 299.4% in October

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 170,494 shares, an increase of 299.4% from the October 15th total of 42,685 shares. Based on an average daily volume of 104,771 shares, the days-to-cover ratio is currently 1.6 days.

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

Several institutional investors have recently added to or reduced their stakes in BUI. Private Advisor Group LLC raised its stake in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 68.4% during the 3rd quarter. Private Advisor Group LLC now owns 17,211 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 6,993 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.5% in the 3rd quarter. HighTower Advisors LLC now owns 12,830 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 3,430 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 12.1% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 42,740 shares of the real estate investment trust’s stock valued at $1,066,000 after purchasing an additional 4,600 shares during the last quarter. Stronghold Wealth Management L.L.C. grew 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 valued at $228,000 after purchasing an additional 686 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 4.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 26,648 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 1,182 shares during the period.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.4%

Shares of NYSE:BUI opened at $26.38 on Thursday. The company has a 50-day simple moving average of $25.81 and a 200-day simple moving average of $27.23. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a one year low of $24.14 and a one year high of $30.80.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Dividend Announcement

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

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

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.