BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Update

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 122,335 shares, a decline of 49.7% from the August 31st total of 243,150 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 410,803 shares, the short-interest ratio is currently 0.3 days.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Down 2.0%

Shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.86 on Tuesday. The business has a 50-day moving average price of $8.71 and a 200 day moving average price of $8.27. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a fifty-two week low of $6.13 and a fifty-two week high of $9.44. The firm has a market cap of $520.90 million, a P/E ratio of -3.90 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0525 per share. The ex-dividend date is Friday, December 11th. This represents a $0.63 annualized dividend and a yield of 7.1%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is presently -25.11%.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

A number of large investors have recently bought and sold shares of BTX. NewEdge Advisors LLC grew its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 114.4% during the 2nd quarter. NewEdge Advisors LLC now owns 414,875 shares of the company’s stock worth $3,746,000 after buying an additional 221,371 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter valued at about $16,962,000. Saba Capital Management L.P. acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $5,044,000. Private Advisor Group LLC boosted its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 51.1% during the first quarter. Private Advisor Group LLC now owns 292,211 shares of the company’s stock worth $1,929,000 after buying an additional 98,800 shares during the period. Finally, Absolute Investment Advisers LLC increased its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% in the 1st quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock valued at $10,226,000 after acquiring an additional 915,474 shares during the period. Institutional investors own 26.00% of the company’s stock.

BlackRock Technology & Private Equity Term Trust (NYSE: BTX) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return by investing primarily in technology-related companies and private equity opportunities.

Its portfolio may include publicly traded equities, privately held companies, and investments associated with the technology, media, telecommunications, and other innovation-focused sectors. Through its private equity strategy, the trust is designed to provide investors with access to companies and opportunities that may not be available through traditional publicly traded equity funds.

As a term trust, BTX is structured with a specified termination framework rather than operating as a perpetual closed-end fund.