BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,809 shares, an increase of 644.6% from the August 31st total of 1,183 shares. Based on an average daily volume of 101,838 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the first quarter worth approximately $3,955,000. Bank of America Corp DE purchased a new position in BlackRock Energy and Resources Trust during the 2nd quarter valued at about $2,129,000. Beacon Pointe Advisors LLC bought a new stake in shares of BlackRock Energy and Resources Trust in the 2nd quarter valued at about $566,000. Royal Bank of Canada lifted its position in shares of BlackRock Energy and Resources Trust by 15.4% in the 1st quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock worth $2,397,000 after purchasing an additional 18,474 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of BlackRock Energy and Resources Trust by 27.9% during the fourth quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after purchasing an additional 18,423 shares in the last quarter.

BlackRock Energy and Resources Trust Trading Up 0.4%

BGR traded up $0.07 during trading hours on Thursday, hitting $17.22. The company’s stock had a trading volume of 48,622 shares, compared to its average volume of 129,955. The business’s 50-day moving average price is $16.91 and its 200-day moving average price is $16.31. BlackRock Energy and Resources Trust has a 12 month low of $12.92 and a 12 month high of $17.92.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, December 11th.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE:BGR) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of companies involved in the energy and natural resources sectors.

Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy commodities, as well as companies involved in metals, mining and other natural-resource activities.