Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Drops By 47.4%

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 10,000 shares, a decrease of 47.4% from the January 15th total of 19,000 shares. Based on an average daily volume of 80,600 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Energy and Resources Trust Stock Up 1.9 %

Shares of NYSE:BGR opened at $12.29 on Tuesday. BlackRock Energy and Resources Trust has a twelve month low of $10.91 and a twelve month high of $13.48. The stock’s 50 day moving average is $12.31 and its 200-day moving average is $12.60.

BlackRock Energy and Resources Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be paid a $0.066 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from BlackRock Energy and Resources Trust’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in BlackRock Energy and Resources Trust in the 2nd quarter valued at $33,000. NBC Securities Inc. bought a new position in shares of BlackRock Energy and Resources Trust during the 3rd quarter worth $91,000. Choreo LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth $128,000. Private Advisor Group LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter worth $132,000. Finally, Cetera Investment Advisers bought a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth $133,000.

BlackRock Energy and Resources Trust Company Profile

(Get Free Report)

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.

Further Reading

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