BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Increase in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 78,300 shares, a growth of 135.8% from the January 15th total of 33,200 shares. Based on an average trading volume of 128,700 shares, the short-interest ratio is presently 0.6 days.

BlackRock Science and Technology Trust Stock Up 0.5 %

BlackRock Science and Technology Trust stock traded up $0.19 during mid-day trading on Thursday, reaching $38.61. 40,222 shares of the stock traded hands, compared to its average volume of 146,089. BlackRock Science and Technology Trust has a 12-month low of $31.38 and a 12-month high of $39.59. The business’s 50-day moving average is $37.43 and its 200-day moving average is $36.21.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Several institutional investors have recently made changes to their positions in BST. Raymond James Financial Inc. bought a new stake in BlackRock Science and Technology Trust during the fourth quarter valued at approximately $36,425,000. International Assets Investment Management LLC grew its position in BlackRock Science and Technology Trust by 3,329.8% during the third quarter. International Assets Investment Management LLC now owns 551,411 shares of the company’s stock valued at $195,420,000 after buying an additional 535,334 shares during the period. Claro Advisors LLC grew its position in BlackRock Science and Technology Trust by 1,008.1% during the third quarter. Claro Advisors LLC now owns 154,416 shares of the company’s stock valued at $5,473,000 after buying an additional 140,481 shares during the period. Wolverine Asset Management LLC grew its position in BlackRock Science and Technology Trust by 100.8% during the third quarter. Wolverine Asset Management LLC now owns 141,218 shares of the company’s stock valued at $5,005,000 after buying an additional 70,885 shares during the period. Finally, Invesco Ltd. grew its position in BlackRock Science and Technology Trust by 4.7% during the fourth quarter. Invesco Ltd. now owns 516,229 shares of the company’s stock valued at $18,873,000 after buying an additional 23,244 shares during the period.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.