BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 20,534 shares, a growth of 1,458.0% from the July 30th total of 1,318 shares. Based on an average trading volume of 79,182 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Energy and Resources Trust Price Performance

Shares of BlackRock Energy and Resources Trust stock traded down $0.20 during trading hours on Tuesday, reaching $17.05. The company had a trading volume of 123,588 shares, compared to its average volume of 135,015. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.70. The business has a fifty day simple moving average of $15.93 and a 200 day simple moving average of $15.99.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0973 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new position in BlackRock Energy and Resources Trust in the 4th quarter valued at $27,000. SHP Wealth Management purchased a new position in BlackRock Energy and Resources Trust during the fourth quarter worth about $31,000. Triumph Capital Management bought a new position in BlackRock Energy and Resources Trust in the 3rd quarter worth about $33,000. Rockefeller Capital Management L.P. raised its holdings in shares of BlackRock Energy and Resources Trust by 286.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after acquiring an additional 3,911 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of BlackRock Energy and Resources Trust by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after acquiring an additional 720 shares during the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.