BlackRock Health Sciences Trust (NYSE:BME) Short Interest Update

BlackRock Health Sciences Trust (NYSE:BME) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 67,055 shares, a drop of 17.4% from the February 26th total of 81,198 shares. Based on an average daily volume of 45,079 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BME. Northwestern Mutual Wealth Management Co. lifted its position in BlackRock Health Sciences Trust by 22.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,417 shares of the company’s stock valued at $53,000 after acquiring an additional 257 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in shares of BlackRock Health Sciences Trust by 20.3% during the third quarter. SOA Wealth Advisors LLC. now owns 2,780 shares of the company’s stock worth $103,000 after purchasing an additional 469 shares in the last quarter. Geneos Wealth Management Inc. increased its position in BlackRock Health Sciences Trust by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,899 shares of the company’s stock valued at $179,000 after buying an additional 3,266 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in shares of BlackRock Health Sciences Trust during the third quarter valued at about $201,000. Finally, Truist Financial Corp acquired a new position in BlackRock Health Sciences Trust during the 3rd quarter valued at approximately $205,000.

BlackRock Health Sciences Trust Trading Up 0.1%

BME opened at $37.70 on Monday. The business’s 50-day moving average is $41.28 and its two-hundred day moving average is $40.05. BlackRock Health Sciences Trust has a 1 year low of $34.18 and a 1 year high of $42.74.

BlackRock Health Sciences Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.2621 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

About BlackRock Health Sciences Trust

BlackRock Health Sciences Trust (NYSE: BME) is a closed-end management investment company that seeks long-term total return through a combination of dividend income and capital appreciation. Managed by BlackRock Fund Advisors, the trust invests primarily in the equity securities of domestic and international issuers engaged in the health sciences sector. The portfolio typically includes common stocks, corporate bonds and convertible securities of companies involved in biotechnology, pharmaceuticals, medical devices and healthcare services.