Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 21,466 shares, a decline of 56.4% from the June 15th total of 49,243 shares. Based on an average daily volume of 314,812 shares, the days-to-cover ratio is currently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.1%

Shares of Blackrock Resources & Commodities Strategy Trust stock traded up $0.12 during trading hours on Tuesday, reaching $11.69. The company’s stock had a trading volume of 109,094 shares, compared to its average volume of 244,099. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.40 and a one year high of $13.86. The stock’s fifty day simple moving average is $11.77 and its two-hundred day simple moving average is $12.05.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0697 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCX. Allied Private Wealth LLC bought a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter valued at approximately $28,000. IFP Advisors Inc bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at approximately $30,000. Advocate Investing Services LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at about $35,000. Harbour Investments Inc. purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% during the first quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock valued at $69,000 after acquiring an additional 6,041 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.