Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Declines By 94.2%

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,183 shares, a decline of 94.2% from the August 15th total of 20,534 shares. Based on an average daily trading volume, of 101,199 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of BlackRock Energy and Resources Trust

Several hedge funds have recently made changes to their positions in BGR. Absolute Investment Advisers LLC purchased a new position in BlackRock Energy and Resources Trust in the 1st quarter valued at approximately $3,955,000. Bank of America Corp DE purchased a new stake in shares of BlackRock Energy and Resources Trust during the second quarter worth $2,129,000. &PARTNERS purchased a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter worth $1,048,000. Beacon Pointe Advisors LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the second quarter valued at $566,000. Finally, TMB Capital Partners LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at $307,000.

BlackRock Energy and Resources Trust Price Performance

BGR traded up $0.01 during mid-day trading on Thursday, hitting $17.61. 192,310 shares of the stock were exchanged, compared to its average volume of 132,913. The firm’s fifty day moving average is $16.53 and its two-hundred day moving average is $16.18. BlackRock Energy and Resources Trust has a 1-year low of $12.92 and a 1-year high of $17.80.

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.