BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) Short Interest Down 57.3% in May

BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUIGet Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 15,300 shares, a decline of 57.3% from the May 15th total of 35,800 shares. Based on an average trading volume of 59,200 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Stock Performance

NYSE:BUI traded down $0.20 during trading hours on Friday, reaching $21.93. The stock had a trading volume of 41,375 shares, compared to its average volume of 59,518. BlackRock Utilities, Infrastructure & Power Opportunities Trust has a 52 week low of $18.73 and a 52 week high of $23.48. The company has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $21.43.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.121 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, June 14th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. HBC Financial Services PLLC boosted its holdings in shares of BlackRock Utilities, Infrastructure & Power Opportunities Trust by 65.8% in the 4th quarter. HBC Financial Services PLLC now owns 6,300 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 2,500 shares during the period. Cornerstone Advisors LLC boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 287.1% during the 4th quarter. Cornerstone Advisors LLC now owns 200,251 shares of the real estate investment trust’s stock valued at $4,369,000 after acquiring an additional 148,520 shares during the period. Kestra Advisory Services LLC boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 5.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 67,507 shares of the real estate investment trust’s stock valued at $1,339,000 after acquiring an additional 3,650 shares during the period. D.A. Davidson & CO. boosted its holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust by 3.5% during the 4th quarter. D.A. Davidson & CO. now owns 78,185 shares of the real estate investment trust’s stock valued at $1,706,000 after acquiring an additional 2,646 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in BlackRock Utilities, Infrastructure & Power Opportunities Trust during the 4th quarter valued at $210,000.

BlackRock Utilities, Infrastructure & Power Opportunities Trust Company Profile

(Get Free Report)

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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