Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Grows By 118.8%

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 32,788 shares, a growth of 118.8% from the April 15th total of 14,985 shares. Based on an average trading volume of 105,605 shares, the short-interest ratio is currently 0.3 days.

BlackRock Energy and Resources Trust Trading Up 0.1%

NYSE BGR opened at $16.44 on Friday. The stock has a 50 day moving average price of $16.36 and a 200-day moving average price of $14.94. BlackRock Energy and Resources Trust has a one year low of $12.12 and a one year high of $17.70.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0973 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 7.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BGR. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the first quarter valued at $3,955,000. &PARTNERS purchased a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at $1,048,000. Formidable Asset Management LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at $1,009,000. TMB Capital Partners LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at $307,000. Finally, Moors & Cabot Inc. grew its holdings in shares of BlackRock Energy and Resources Trust by 27.9% in 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.

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.