PI Global Investments
Infrastructure

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Short Interest Update


BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUIGet Rating) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 19,500 shares, a growth of 114.3% from the June 15th total of 9,100 shares. Based on an average daily trading volume, of 65,300 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently added to or reduced their stakes in BUI. Bank of America Corp DE raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 9.2% during the first quarter. Bank of America Corp DE now owns 355,933 shares of the real estate investment trust’s stock worth $9,044,000 after purchasing an additional 29,839 shares during the period. Midwest Heritage Bank FSB acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter worth about $394,000. Liberty Capital Management Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 89.0% during the first quarter. Liberty Capital Management Inc. now owns 25,480 shares of the real estate investment trust’s stock worth $647,000 after purchasing an additional 12,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 6.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 185,089 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 10,944 shares during the period. Finally, Ingalls & Snyder LLC acquired a new stake in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust during the first quarter worth about $277,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Price Performance

NYSE:BUI opened at $20.91 on Friday. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 1-year low of $20.28 and a 1-year high of $27.79. The business’s 50-day moving average price is $21.62 and its two-hundred day moving average price is $23.50.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a $0.121 dividend. This represents a $1.45 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Thursday, July 14th.

About BlackRock Utilities, Infrastructure & Power Opportunities Trust

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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.

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