BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Short Interest Down 25.8% in May

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 64,000 shares, a drop of 25.8% from the May 15th total of 86,300 shares. Based on an average daily trading volume, of 54,200 shares, the short-interest ratio is currently 1.2 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

NYSE BUI opened at $24.37 on Wednesday. The stock has a fifty day moving average of $23.61 and a 200-day moving average of $23.19. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52 week low of $20.27 and a 52 week high of $25.00.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.63 annualized dividend and a dividend yield of 6.70%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Smith Asset Management Co. LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter worth $1,143,000. NewEdge Advisors LLC grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.4% during the first quarter. NewEdge Advisors LLC now owns 13,953 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 844 shares during the period. Royal Bank of Canada grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.6% during the first quarter. Royal Bank of Canada now owns 75,422 shares of the real estate investment trust’s stock worth $1,706,000 after purchasing an additional 3,980 shares during the period. Baird Financial Group Inc. grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 36.1% during the first quarter. Baird Financial Group Inc. now owns 26,348 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 6,987 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 35.4% during the first quarter. Raymond James Financial Inc. now owns 316,269 shares of the real estate investment trust’s stock worth $7,157,000 after purchasing an additional 82,672 shares during the period.

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.