BlackRock Science and Technology Trust (NYSE:BST) Short Interest Update

BlackRock Science and Technology Trust (NYSE:BST) saw a significant increase in short interest during 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 days-to-cover ratio is presently 0.1 days.

BlackRock Science and Technology Trust Stock Performance

Shares of BST traded up $0.33 on Friday, reaching $49.58. 151,197 shares of the stock traded hands, compared to its average volume of 101,376. BlackRock Science and Technology Trust has a 12 month low of $34.87 and a 12 month high of $50.56. The stock’s 50-day moving average price is $41.73 and its 200-day moving average price is $40.72.

Institutional Trading of BlackRock Science and Technology Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in BlackRock Science and Technology Trust by 4.7% in the fourth quarter. Arkadios Wealth Advisors now owns 7,779 shares of the company’s stock worth $315,000 after purchasing an additional 349 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 355 shares in the last quarter. Symphony Financial Services Inc. boosted its stake in BlackRock Science and Technology Trust by 5.5% in 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. Smartleaf Asset Management LLC boosted its stake in BlackRock Science and Technology Trust by 9.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock worth $171,000 after purchasing an additional 380 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its stake in shares of BlackRock Science and Technology Trust by 4.8% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 9,177 shares of the company’s stock valued at $372,000 after acquiring an additional 424 shares during the period.

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.