Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Grows By 38.4%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 92,200 shares, an increase of 38.4% from the April 30th total of 66,600 shares. Based on an average daily trading volume, of 242,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several institutional investors and hedge funds have recently modified their holdings of BCX. Raymond James Financial Inc. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at approximately $7,951,000. Penserra Capital Management LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the first quarter valued at approximately $5,275,000. Sit Investment Associates Inc. raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 53.3% during the fourth quarter. Sit Investment Associates Inc. now owns 1,172,521 shares of the investment management company’s stock valued at $10,013,000 after buying an additional 407,467 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 163.9% during the first quarter. City of London Investment Management Co. Ltd. now owns 279,004 shares of the investment management company’s stock valued at $2,603,000 after buying an additional 173,268 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,897,562 shares of the investment management company’s stock valued at $41,825,000 after buying an additional 82,496 shares during the last quarter.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.8%

Blackrock Resources & Commodities Strategy Trust stock opened at $9.25 on Monday. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $7.84 and a 1 year high of $9.74. The firm’s 50 day moving average price is $8.96 and its 200-day moving average price is $9.03.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.0697 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.04%. The ex-dividend date of this dividend was Thursday, May 15th.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.