BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Shares Shorted: Short Interest Up 174.2% in October

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 222,444 shares, an increase of 174.2% from the October 15th total of 81,123 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 457,294 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 1st quarter valued at approximately $16,962,000. Advisors Asset Management Inc. bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter valued at approximately $7,504,000. Saba Capital Management L.P. bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $5,044,000. Private Advisor Group LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter worth $3,020,000. Finally, Quantedge Capital Pte Ltd increased its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 33.8% during the first quarter. Quantedge Capital Pte Ltd now owns 1,187,179 shares of the company’s stock valued at $7,835,000 after acquiring an additional 300,100 shares during the period. Institutional investors and hedge funds own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of NYSE:BTX opened at $7.93 on Friday. The firm has a 50 day simple moving average of $8.71 and a 200 day simple moving average of $8.07. The company has a market cap of $466.31 million, a PE ratio of -3.49 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52 week low of $6.13 and a 52 week high of $9.49.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0525 dividend. This represents a $0.63 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, December 11th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s dividend payout ratio is currently -25.11%.

BlackRock Technology and Private Equity Term Trust (NYSE: BTX) is a closed-end investment fund managed by BlackRock. Rather than operating a technology business, the trust invests in securities and private equity interests tied to the technology sector. The trust seeks total return through long-term capital appreciation and current income. Its portfolio may include publicly traded technology companies as well as private equity investments, giving shareholders exposure to both public and private markets.