Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Shorted: Short Interest Up 70.5% in September

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 21,308 shares, a growth of 70.5% from the September 15th total of 12,497 shares. Based on an average daily trading volume, of 138,627 shares, the short-interest ratio is presently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Stock Performance

NYSE:BCX traded up $0.19 during mid-day trading on Friday, hitting $12.28. 120,635 shares of the company’s stock traded hands, compared to its average volume of 213,664. The firm’s 50 day simple moving average is $12.57 and its 200 day simple moving average is $12.13. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $9.68 and a 1 year high of $13.86.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0697 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 annualized dividend and a dividend yield of 6.8%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 180 Wealth Advisors LLC lifted its stake in Blackrock Resources & Commodities Strategy Trust by 7.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,080,074 shares of the investment management company’s stock valued at $13,015,000 after buying an additional 74,976 shares in the last quarter. Royal Bank of Canada grew its holdings in Blackrock Resources & Commodities Strategy Trust by 3.6% during the 1st quarter. Royal Bank of Canada now owns 790,271 shares of the investment management company’s stock valued at $9,523,000 after buying an additional 27,724 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 522.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 210,078 shares of the investment management company’s stock valued at $2,376,000 after buying an additional 176,305 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 1,149.5% during the 1st quarter. Kestra Advisory Services LLC now owns 143,666 shares of the investment management company’s stock valued at $1,731,000 after buying an additional 132,168 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC acquired a new stake in Blackrock Resources & Commodities Strategy Trust during the 1st quarter valued at $1,046,000.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation by investing in companies and securities connected to natural resources and commodities.

BCX invests primarily in the equity securities of companies involved in areas such as energy, mining, metals, agriculture, chemicals, forestry and other natural-resource industries.