BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Decrease in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 10,904 shares, a decrease of 52.7% from the May 31st total of 23,049 shares. Based on an average trading volume of 135,598 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new stake in shares of BlackRock Science and Technology Trust in the first quarter valued at $38,000. Fifth Third Bancorp purchased a new position in BlackRock Science and Technology Trust during the first quarter worth about $78,000. Advisory Services Network LLC acquired a new stake in shares of BlackRock Science and Technology Trust in the third quarter worth approximately $121,000. JPMorgan Chase & Co. boosted its holdings in shares of BlackRock Science and Technology Trust by 36.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in BlackRock Science and Technology Trust by 9.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock valued at $171,000 after acquiring an additional 380 shares during the last quarter.

BlackRock Science and Technology Trust Stock Performance

Shares of BST traded down $0.47 during trading hours on Wednesday, reaching $50.24. The company had a trading volume of 80,346 shares, compared to its average volume of 105,000. BlackRock Science and Technology Trust has a 12-month low of $34.87 and a 12-month high of $51.30. The firm has a 50 day simple moving average of $46.31 and a 200-day simple moving average of $41.99.

BlackRock Science and Technology Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.