BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Down 33.4% in March

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 47,000 shares, a decline of 33.4% from the February 28th total of 70,600 shares. Based on an average trading volume of 92,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $41,000. Millstone Evans Group LLC bought a new stake in BlackRock Energy and Resources Trust during the 4th quarter valued at $54,000. Brown Brothers Harriman & Co. bought a new position in shares of BlackRock Energy and Resources Trust in the third quarter valued at $56,000. one8zero8 LLC bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter worth about $131,000. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the 4th quarter worth about $138,000.

BlackRock Energy and Resources Trust Trading Down 1.1 %

NYSE:BGR traded down $0.15 during trading hours on Friday, reaching $13.53. The company had a trading volume of 68,642 shares, compared to its average volume of 87,224. The business’s 50-day simple moving average is $13.34 and its two-hundred day simple moving average is $13.18. BlackRock Energy and Resources Trust has a twelve month low of $12.10 and a twelve month high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0973 per share. This represents a $1.17 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Friday, March 14th.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.