Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Drops By 96.4%

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,318 shares, a drop of 96.4% from the July 15th total of 36,744 shares. Based on an average daily trading volume, of 74,388 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock Energy and Resources Trust by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock worth $101,000 after acquiring an additional 720 shares during the period. Moors & Cabot Inc. increased its holdings in BlackRock Energy and Resources Trust by 1.2% during the 3rd quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after purchasing an additional 805 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in BlackRock Energy and Resources Trust by 3.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock worth $483,000 after purchasing an additional 961 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of BlackRock Energy and Resources Trust by 2.2% in the 4th quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock valued at $854,000 after purchasing an additional 1,339 shares during the period. Finally, Assetmark Inc. bought a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at about $27,000.

BlackRock Energy and Resources Trust Price Performance

BlackRock Energy and Resources Trust stock traded down $0.01 during mid-day trading on Wednesday, hitting $16.72. The stock had a trading volume of 31,095 shares, compared to its average volume of 137,083. The stock has a 50-day simple moving average of $15.65 and a two-hundred day simple moving average of $15.84. BlackRock Energy and Resources Trust has a 12 month low of $12.92 and a 12 month high of $17.70.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0973 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Energy and Resources Trust Company Profile

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.