Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Short Interest Declines 74.7%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 12,497 shares, a decline of 74.7% from the August 31st total of 49,316 shares. Based on an average daily volume of 162,415 shares, the short-interest ratio is presently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 1.0%

BCX traded down $0.13 during midday trading on Friday, reaching $12.08. 153,399 shares of the company’s stock traded hands, compared to its average volume of 219,115. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $9.68 and a 52 week high of $13.86. The firm has a fifty day moving average of $12.51 and a two-hundred day moving average of $12.13.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0697 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.84 annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the second quarter worth $28,000. IFP Advisors Inc bought a new position in Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $30,000. Harbour Investments Inc. bought a new position in Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $43,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 12.8% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,945 shares of the investment management company’s stock worth $90,000 after purchasing an additional 900 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth about $119,000.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified, closed-end management investment company. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in securities of companies involved in natural resources and commodities.

Its portfolio may include equity and debt securities issued by companies engaged in energy, metals and mining, agriculture, chemicals, forestry, and other resource-related industries.