BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Down 72.4% in June

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,288 shares, a drop of 72.4% from the May 31st total of 22,794 shares. Based on an average daily volume of 110,622 shares, the short-interest ratio is currently 0.1 days.

BlackRock Energy and Resources Trust Trading Down 1.0%

BlackRock Energy and Resources Trust stock traded down $0.14 during mid-day trading on Friday, hitting $14.66. The stock had a trading volume of 86,353 shares, compared to its average volume of 150,736. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.70. The firm’s 50 day moving average is $15.88 and its 200 day moving average is $15.38.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0973 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. bought a new stake in BlackRock Energy and Resources Trust during the 4th quarter valued at approximately $27,000. SHP Wealth Management purchased a new stake in BlackRock Energy and Resources Trust during the 4th quarter valued at approximately $31,000. Triumph Capital Management purchased a new stake in BlackRock Energy and Resources Trust during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its position in shares of BlackRock Energy and Resources Trust by 392.2% during the third quarter. EverSource Wealth Advisors LLC now owns 5,020 shares of the company’s stock valued at $68,000 after buying an additional 4,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of BlackRock Energy and Resources Trust by 286.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after buying an additional 3,911 shares during the last quarter.

About BlackRock Energy and Resources Trust

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.