BlackRock Science and Technology Trust (NYSE:BST) Sees Large Decline in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,300 shares, a decline of 61.8% from the April 15th total of 6,025 shares. Based on an average daily trading volume, of 116,544 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new position in shares of BlackRock Science and Technology Trust in the first quarter worth $38,000. Guerra Advisors Inc acquired a new position in shares of BlackRock Science and Technology Trust in the third quarter worth $39,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Science and Technology Trust during the first quarter worth $78,000. Finally, Advisory Services Network LLC purchased a new stake in shares of BlackRock Science and Technology Trust during the third quarter worth $121,000.

BlackRock Science and Technology Trust Price Performance

BST traded up $0.94 during mid-day trading on Thursday, hitting $46.25. 133,737 shares of the stock were exchanged, compared to its average volume of 96,077. The firm’s fifty day moving average is $39.95 and its two-hundred day moving average is $40.39. BlackRock Science and Technology Trust has a 1-year low of $34.87 and a 1-year high of $46.35.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.25 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.