Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Increases By 93.3%

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 36,744 shares, an increase of 93.3% from the June 30th total of 19,007 shares. Based on an average daily volume of 96,009 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently made changes to their positions in BGR. Assetmark Inc. acquired a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at $27,000. SHP Wealth Management acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter valued at about $31,000. Triumph Capital Management acquired a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at about $33,000. Rockefeller Capital Management L.P. lifted its holdings in BlackRock Energy and Resources Trust by 286.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after purchasing an additional 3,911 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new position in BlackRock Energy and Resources Trust in the 1st quarter valued at about $101,000.

BlackRock Energy and Resources Trust Stock Performance

Shares of BlackRock Energy and Resources Trust stock opened at $16.13 on Thursday. BlackRock Energy and Resources Trust has a 1 year low of $12.92 and a 1 year high of $17.70. The business has a 50 day moving average price of $15.59 and a 200 day moving average price of $15.73.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.2%.

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.