BUI Stock Summary and Trading Ideas (Blackrock Util & Infra Trust C | NYSE:BUI)

BlackRock Utility and Infrastructure Trust’s (BUI) (the “Trust”) investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing primarily in equity securities issued by companies that are engaged in the Utilities and Infrastructure business segments anywhere in the world and by utilizing an option writing (selling) strategy in an effort to seek total return performance and enhance distributions. The Trust considers the “Utilities” business segment to include products, technologies and services connected to the management, ownership, operation, construction, development or financing of facilities used to generate, transmit or distribute electricity, water, natural resources or telecommunications and the “Infrastructure” business segment to include companies that own or operate infrastructure assets or that are involved in the development, construction, distribution or financing of infrastructure assets. Under normal circumstances, the Trust invests a substantial amount of its total assets in foreign issuers, issuers that primarily trade in a market located outside the United States or issuers that do a substantial amount of business outside the United States. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Util & Infra Trust C trades on the NYSE stock market under the symbol BUI.

As of April 18, 2024, BUI stock price climbed to $20.62 with 58,986 million shares trading.

BUI has a beta of 0.95, meaning it tends to be less sensitive to market movements. BUI has a correlation of 0.37 to the broad based SPY ETF.

BUI has a market cap of $462.43 million. This is considered a Small Cap stock.

In the last 3 years, BUI stock traded as high as $27.79 and as low as $18.71.

BUI has underperformed the market in the last year with a return of -5.4%, while the SPY ETF gained +22.3%. In the last 3 month period, BUI fell short of the market, returning -0.6%, while SPY returned +6.1%. However, in the most recent 2 weeks BUI has outperformed the stock market by returning -1.4%, while SPY returned -3.8%.

BUI support price is $20.32 and resistance is $20.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BUI stock will trade within this expected range on the day.