BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 42,685 shares, a decline of 35.0% from the September 30th total of 65,664 shares. Based on an average daily trading volume, of 91,611 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On BlackRock Utilities, Infrastructure & Power Opportunities Trust
A number of hedge funds have recently bought and sold shares of BUI. Integrated Wealth Concepts LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust in the second quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter worth about $53,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 1st quarter worth about $123,000. Stronghold Wealth Management L.L.C. lifted its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 8.1% during 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 purchasing an additional 686 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in 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 purchasing an additional 474 shares during the period.
BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Up 0.6%
NYSE BUI opened at $26.58 on Wednesday. The company has a fifty day simple moving average of $25.88 and a 200 day simple moving average of $27.24. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1 year low of $24.14 and a 1 year high of $30.80.
BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend
The company also recently announced 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.
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.
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