Short Interest in BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Grows By 162.9%

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 255,342 shares, a growth of 162.9% from the April 30th total of 97,118 shares. Based on an average trading volume of 705,344 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.4% during the first quarter. Bank of America Corp DE now owns 447,999 shares of the company’s stock valued at $2,957,000 after acquiring an additional 30,745 shares in the last quarter. Rivernorth Capital Management LLC bought a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter valued at $16,962,000. Saba Capital Management L.P. bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 1st quarter worth about $5,044,000. Punch & Associates Investment Management Inc. bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 1st quarter worth about $164,000. Finally, Cetera Investment Advisers increased its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 64.5% in the 1st quarter. Cetera Investment Advisers now owns 22,004 shares of the company’s stock worth $145,000 after buying an additional 8,626 shares in the last quarter. 26.00% of the stock is currently owned by institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 0.2%

Shares of NYSE:BTX traded up $0.02 on Friday, hitting $9.18. 1,058,517 shares of the company traded hands, compared to its average volume of 811,396. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52 week low of $6.13 and a 52 week high of $9.38. The stock has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $7.00. The company has a market cap of $539.73 million, a PE ratio of -4.04 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.