Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Decreases By 27.0%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 11,600 shares, a decrease of 27.0% from the January 15th total of 15,900 shares. Based on an average daily volume of 323,900 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BCX. Tower Research Capital LLC TRC grew its stake in Blackrock Resources & Commodities Strategy Trust by 51,420.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,576 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 2,571 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 1st quarter valued at about $31,000. Samalin Investment Counsel LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 1st quarter valued at about $33,000. Captrust Financial Advisors purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 64.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock worth $46,000 after buying an additional 1,665 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Performance

BCX opened at $8.59 on Tuesday. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $8.32 and a twelve month high of $10.40. The company has a 50-day moving average price of $8.73 and a 200 day moving average price of $8.98.

Blackrock Resources & Commodities Strategy Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Wednesday, February 14th. This is an increase from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05.

Blackrock Resources & Commodities Strategy Trust Company Profile

(Get Free Report)

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.

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