BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 202.3% in June

BlackRock Energy and Resources Trust (NYSE:BGR) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 19,007 shares, an increase of 202.3% from the June 15th total of 6,288 shares. Based on an average daily trading volume, of 126,735 shares, the short-interest ratio is currently 0.1 days.

BlackRock Energy and Resources Trust Stock Up 3.0%

NYSE BGR traded up $0.46 during midday trading on Monday, hitting $15.98. 79,369 shares of the company traded hands, compared to its average volume of 146,660. BlackRock Energy and Resources Trust has a 52 week low of $12.92 and a 52 week high of $17.70. The company’s 50-day simple moving average is $15.66 and its 200-day simple moving average is $15.49.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

A number of large investors have recently added to or reduced their stakes in BGR. Assetmark Inc. purchased a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at about $27,000. SHP Wealth Management purchased a new position in shares of BlackRock Energy and Resources Trust in the 4th quarter worth approximately $31,000. Triumph Capital Management purchased a new position in shares of BlackRock Energy and Resources Trust in the 3rd quarter worth approximately $33,000. Rockefeller Capital Management L.P. grew its position in shares of BlackRock Energy and Resources Trust by 286.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after buying an additional 3,911 shares during the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter worth approximately $101,000.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.