BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 31,555 shares, a decline of 51.4% from the September 30th total of 64,986 shares. Based on an average daily trading volume, of 98,368 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Beacon Pointe Advisors LLC purchased a new stake in BlackRock Energy and Resources Trust during the 2nd quarter valued at approximately $566,000. Bank of America Corp DE purchased a new position in BlackRock Energy and Resources Trust in the 2nd quarter valued at $2,129,000. Centaurus Financial Inc. purchased a new position in BlackRock Energy and Resources Trust in the 2nd quarter valued at $235,000. Wealth Effects LLC acquired a new position in BlackRock Energy and Resources Trust in the 2nd quarter valued at $222,000. Finally, Nations Financial Group Inc. IA ADV raised its position in BlackRock Energy and Resources Trust by 12.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 31,469 shares of the company’s stock worth $466,000 after buying an additional 3,541 shares during the last quarter.
BlackRock Energy and Resources Trust Stock Performance
BlackRock Energy and Resources Trust stock traded up $0.34 during mid-day trading on Friday, hitting $18.93. The company had a trading volume of 127,168 shares, compared to its average volume of 126,175. The business has a fifty day moving average of $17.60 and a 200 day moving average of $16.30. BlackRock Energy and Resources Trust has a 1 year low of $13.23 and a 1 year high of $19.09.
BlackRock Energy and Resources Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0973 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.17 annualized dividend and a dividend yield of 6.2%.
About BlackRock Energy and Resources Trust
BlackRock Energy and Resources Trust is a publicly traded, non-diversified closed-end management investment company listed on the New York Stock Exchange under the symbol BGR. The trust is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with exposure to the global energy and natural resources sectors.
The trust invests primarily in equity securities of companies involved in energy and natural resources. Its portfolio may include businesses engaged in oil and gas exploration and production, energy infrastructure, utilities, mining, metals, and other related activities.
See Also
- Five stocks we like better than BlackRock Energy and Resources Trust
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for BlackRock Energy and Resources Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Energy and Resources Trust and related companies with MarketBeat.com's FREE daily email newsletter.
