BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Growth in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,024 shares, an increase of 466.3% from the April 30th total of 2,300 shares. Based on an average daily trading volume, of 119,377 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Merit Financial Group LLC bought a new stake in BlackRock Science and Technology Trust during the 3rd quarter worth about $706,000. 1607 Capital Partners LLC increased its position in shares of BlackRock Science and Technology Trust by 13.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 322,616 shares of the company’s stock valued at $13,343,000 after buying an additional 37,666 shares in the last quarter. Cornerstone Advisors LLC increased its position in shares of BlackRock Science and Technology Trust by 37.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 120,056 shares of the company’s stock valued at $4,966,000 after buying an additional 32,531 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in BlackRock Science and Technology Trust by 1,050.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after purchasing an additional 85,381 shares in the last quarter. Finally, PMG Family Office LLC bought a new position in BlackRock Science and Technology Trust during the 3rd quarter worth about $2,572,000.

BlackRock Science and Technology Trust Price Performance

BST stock traded up $0.81 during trading on Thursday, hitting $48.95. The company had a trading volume of 88,347 shares, compared to its average volume of 100,174. The company has a fifty day moving average price of $41.30 and a two-hundred day moving average price of $40.60. BlackRock Science and Technology Trust has a fifty-two week low of $34.87 and a fifty-two week high of $49.19.

BlackRock Science and Technology Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

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.