Short Interest in BlackRock Science and Technology Trust (NYSE:BST) Expands By 136.5%

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 50,409 shares, an increase of 136.5% from the July 15th total of 21,317 shares. Based on an average daily trading volume, of 91,396 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its holdings in BlackRock Science and Technology Trust by 4.7% during the fourth quarter. Arkadios Wealth Advisors now owns 7,779 shares of the company’s stock valued at $315,000 after acquiring an additional 349 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of BlackRock Science and Technology Trust by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 4,214 shares of the company’s stock worth $174,000 after acquiring an additional 355 shares during the period. Symphony Financial Services Inc. grew its position in shares of BlackRock Science and Technology Trust by 5.5% during the fourth quarter. Symphony Financial Services Inc. now owns 6,863 shares of the company’s stock worth $278,000 after purchasing an additional 360 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of BlackRock Science and Technology Trust by 4.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,417 shares of the company’s stock worth $478,000 after purchasing an additional 372 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in BlackRock Science and Technology Trust by 9.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock valued at $171,000 after purchasing an additional 380 shares during the period.

BlackRock Science and Technology Trust Stock Performance

Shares of BST traded down $0.48 during trading hours on Friday, hitting $49.88. The stock had a trading volume of 92,773 shares, compared to its average volume of 101,060. BlackRock Science and Technology Trust has a 12 month low of $34.87 and a 12 month high of $51.30. The stock has a fifty day moving average price of $47.60 and a 200 day moving average price of $43.52.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.0%.

BlackRock Science and Technology Trust Company Profile

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.