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 growth in short interest during the month of July. As of July 31st, there was short interest totalling 18,200 shares, a growth of 156.3% from the July 15th total of 7,100 shares. Based on an average daily volume of 113,800 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new position in shares of BlackRock Science and Technology Trust in the first quarter valued at approximately $25,000. Annapolis Financial Services LLC purchased a new position in shares of BlackRock Science and Technology Trust during the 4th quarter worth $26,000. Larson Financial Group LLC boosted its holdings in shares of BlackRock Science and Technology Trust by 396.5% during the first quarter. Larson Financial Group LLC now owns 993 shares of the company’s stock worth $37,000 after purchasing an additional 793 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in shares of BlackRock Science and Technology Trust in the first quarter valued at $37,000. Finally, CWM LLC increased its stake in BlackRock Science and Technology Trust by 63.6% in the fourth quarter. CWM LLC now owns 3,718 shares of the company’s stock valued at $125,000 after purchasing an additional 1,446 shares during the last quarter.

BlackRock Science and Technology Trust Trading Up 2.4 %

Shares of BST traded up $0.82 during mid-day trading on Thursday, reaching $34.95. 120,896 shares of the company’s stock were exchanged, compared to its average volume of 107,845. BlackRock Science and Technology Trust has a 52-week low of $29.62 and a 52-week high of $39.01. The company has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $36.29.

BlackRock Science and Technology Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 8.58%. The ex-dividend date is Thursday, August 15th.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.