BlackRock Energy and Resources Trust (NYSE:BGR) Stock Short Interest Jumps 644.6%

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 8,809 shares, a growth of 644.6% from the August 31st total of 1,183 shares. Based on an average trading volume of 101,838 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Large investors have recently bought and sold shares of the company. SHP Wealth Management acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter worth approximately $31,000. Integrated Wealth Concepts LLC acquired a new stake in BlackRock Energy and Resources Trust during the 2nd quarter valued at approximately $57,000. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 acquiring an additional 3,911 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of BlackRock Energy and Resources Trust by 14.1% in 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. Finally, Parallel Advisors LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the first quarter worth $101,000.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR traded up $0.07 during mid-day trading on Thursday, hitting $17.22. 48,622 shares of the company traded hands, compared to its average volume of 129,955. BlackRock Energy and Resources Trust has a 1-year low of $12.92 and a 1-year high of $17.92. The business has a 50 day moving average of $16.91 and a 200 day moving average of $16.31.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0973 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.8%.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE:BGR) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of companies involved in the energy and natural resources sectors.

Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy commodities, as well as companies involved in metals, mining and other natural-resource activities.