Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Rises By 78.1%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 49,500 shares, an increase of 78.1% from the October 15th total of 27,800 shares. Based on an average daily trading volume, of 192,700 shares, the short-interest ratio is currently 0.3 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.5 %

Shares of NYSE:BCX traded down $0.05 during trading on Wednesday, hitting $9.17. 96,790 shares of the company were exchanged, compared to its average volume of 248,429. Blackrock Resources & Commodities Strategy Trust has a 52-week low of $8.25 and a 52-week high of $9.74. The stock has a 50 day moving average of $9.37 and a 200 day moving average of $9.27.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0518 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.62 annualized dividend and a yield of 6.78%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter valued at approximately $100,000. Sigma Planning Corp bought a new position in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter valued at $104,000. Creekside Partners purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at $119,000. Choreo LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter worth $123,000. Finally, Comerica Bank raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 10.1% in the first quarter. Comerica Bank now owns 15,920 shares of the investment management company’s stock worth $145,000 after buying an additional 1,466 shares in the last quarter.

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.