BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 77.0% in May

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,049 shares, a growth of 77.0% from the May 14th total of 13,024 shares. Based on an average daily trading volume, of 148,867 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Science and Technology Trust Stock Performance

BST traded up $0.94 during trading on Monday, reaching $48.72. 82,434 shares of the company’s stock were exchanged, compared to its average volume of 104,053. BlackRock Science and Technology Trust has a 1 year low of $34.87 and a 1 year high of $50.56. The company’s fifty day simple moving average is $43.86 and its 200-day simple moving average is $41.26.

BlackRock Science and Technology Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several hedge funds have recently modified their holdings of the company. Merit Financial Group LLC purchased a new position in shares of BlackRock Science and Technology Trust during the 3rd quarter worth approximately $706,000. 1607 Capital Partners LLC boosted its position in shares of BlackRock Science and Technology Trust by 13.2% during the 3rd quarter. 1607 Capital Partners LLC now owns 322,616 shares of the company’s stock worth $13,343,000 after purchasing an additional 37,666 shares during the period. Cornerstone Advisors LLC boosted its position in shares of BlackRock Science and Technology Trust by 37.2% during the 3rd quarter. Cornerstone Advisors LLC now owns 120,056 shares of the company’s stock worth $4,966,000 after purchasing an additional 32,531 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of BlackRock Science and Technology Trust by 1,050.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after purchasing an additional 85,381 shares during the period. Finally, PMG Family Office LLC purchased a new position in shares of BlackRock Science and Technology Trust during the 3rd quarter worth approximately $2,572,000.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.