Short Interest in BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Grows By 123.7%

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 159,300 shares, a growth of 123.7% from the September 15th total of 71,200 shares. Based on an average trading volume of 249,300 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 249,300 shares, the short-interest ratio is presently 0.6 days.

BlackRock Science and Technology Term Trust Price Performance

Shares of BSTZ stock opened at $21.60 on Monday. The stock’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $20.26. BlackRock Science and Technology Term Trust has a twelve month low of $15.22 and a twelve month high of $23.12.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.1625 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

Hedge Funds Weigh In On BlackRock Science and Technology Term Trust

Institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. bought a new position in shares of BlackRock Science and Technology Term Trust during the 1st quarter worth about $4,237,000. Flagship Harbor Advisors LLC increased its holdings in shares of BlackRock Science and Technology Term Trust by 220.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 336,660 shares of the company’s stock worth $6,986,000 after purchasing an additional 231,523 shares during the period. Bank of America Corp DE increased its stake in BlackRock Science and Technology Term Trust by 12.9% during the second quarter. Bank of America Corp DE now owns 821,917 shares of the company’s stock valued at $17,055,000 after acquiring an additional 94,124 shares during the period. Wedbush Securities Inc. increased its stake in BlackRock Science and Technology Term Trust by 11.0% during the first quarter. Wedbush Securities Inc. now owns 867,485 shares of the company’s stock valued at $15,389,000 after acquiring an additional 86,283 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in BlackRock Science and Technology Term Trust during the second quarter valued at about $1,657,000.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.