BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Down 33.4% in March

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 47,000 shares, a decrease of 33.4% from the February 28th total of 70,600 shares. Based on an average daily trading volume, of 92,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of BlackRock Energy and Resources Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BGR. Raymond James Financial Inc. bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at about $4,869,000. Advisors Asset Management Inc. grew its stake in BlackRock Energy and Resources Trust by 16.5% during the fourth quarter. Advisors Asset Management Inc. now owns 258,499 shares of the company’s stock valued at $3,260,000 after acquiring an additional 36,677 shares in the last quarter. LPL Financial LLC increased its holdings in BlackRock Energy and Resources Trust by 20.1% during the 4th quarter. LPL Financial LLC now owns 184,717 shares of the company’s stock worth $2,329,000 after acquiring an additional 30,961 shares during the period. Truist Financial Corp lifted its stake in BlackRock Energy and Resources Trust by 5.0% in the 4th quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock worth $1,714,000 after purchasing an additional 6,506 shares in the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in BlackRock Energy and Resources Trust by 6.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 67,267 shares of the company’s stock valued at $848,000 after purchasing an additional 4,368 shares during the period.

BlackRock Energy and Resources Trust Stock Down 1.1 %

BGR traded down $0.15 on Friday, hitting $13.53. The company’s stock had a trading volume of 68,642 shares, compared to its average volume of 87,224. BlackRock Energy and Resources Trust has a 12 month low of $12.10 and a 12 month high of $13.94. The company’s 50 day simple moving average is $13.34 and its 200-day simple moving average is $13.19.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0973 dividend. This represents a $1.17 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock Energy and Resources Trust

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.