BlackRock Health Sciences Trust (NYSE:BME) Sees Significant Decrease in Short Interest

BlackRock Health Sciences Trust (NYSE:BME) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 12,700 shares, a decline of 15.9% from the February 28th total of 15,100 shares. Based on an average daily trading volume, of 53,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of BlackRock Health Sciences Trust

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in shares of BlackRock Health Sciences Trust by 40.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,787 shares of the company’s stock worth $1,244,000 after buying an additional 9,455 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Health Sciences Trust in the fourth quarter worth $3,250,000. Hara Capital LLC acquired a new position in shares of BlackRock Health Sciences Trust in the 4th quarter valued at $832,000. Wolverine Asset Management LLC boosted its position in BlackRock Health Sciences Trust by 29.1% in the fourth quarter. Wolverine Asset Management LLC now owns 110,493 shares of the company’s stock valued at $4,191,000 after buying an additional 24,928 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in BlackRock Health Sciences Trust by 14.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 8,194 shares of the company’s stock worth $311,000 after acquiring an additional 1,057 shares during the last quarter.

BlackRock Health Sciences Trust Stock Performance

BME stock traded down $0.18 during trading on Tuesday, reaching $38.46. The stock had a trading volume of 29,219 shares, compared to its average volume of 39,834. BlackRock Health Sciences Trust has a 1-year low of $36.87 and a 1-year high of $42.64. The firm has a fifty day moving average price of $39.85 and a 200 day moving average price of $39.95.

BlackRock Health Sciences Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.2621 per share. This represents a $3.15 annualized dividend and a yield of 8.18%. The ex-dividend date of this dividend was Friday, March 14th.

BlackRock Health Sciences Trust Company Profile

BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.