Short Interest in BlackRock Science and Technology Trust (NYSE:BST) Expands By 166.6%

BlackRock Science and Technology Trust (NYSE:BST) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 29,067 shares, a growth of 166.6% from the June 15th total of 10,904 shares. Based on an average daily trading volume, of 110,879 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new position in BlackRock Science and Technology Trust in the 1st quarter worth approximately $38,000. Fifth Third Bancorp acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter valued at approximately $78,000. Advisory Services Network LLC acquired a new stake in BlackRock Science and Technology Trust during the 3rd quarter valued at approximately $121,000. JPMorgan Chase & Co. lifted its stake in BlackRock Science and Technology Trust by 36.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after acquiring an additional 1,033 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of BlackRock Science and Technology Trust by 9.8% in the 4th 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 Down 2.6%

Shares of BST opened at $46.97 on Tuesday. The company has a 50 day moving average price of $47.29 and a 200-day moving average price of $42.44. BlackRock Science and Technology Trust has a fifty-two week low of $34.87 and a fifty-two week high of $51.30.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

About BlackRock Science and Technology Trust

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.