Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Short Interest Falls 74.7%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 12,497 shares, a decline of 74.7% from the August 31st total of 49,316 shares. Based on an average daily volume of 162,415 shares, the days-to-cover ratio is presently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 1.0%

BCX stock traded down $0.13 during trading on Friday, reaching $12.08. The stock had a trading volume of 153,399 shares, compared to its average volume of 219,115. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.68 and a one year high of $13.86. The company’s 50 day moving average is $12.51 and its two-hundred day moving average is $12.13.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0697 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, December 11th.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently modified their holdings of BCX. Transcend Capital Advisors LLC boosted its position in Blackrock Resources & Commodities Strategy Trust by 522.0% in the second quarter. Transcend Capital Advisors LLC now owns 210,078 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 176,305 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 1,149.5% during the 1st quarter. Kestra Advisory Services LLC now owns 143,666 shares of the investment management company’s stock valued at $1,731,000 after purchasing an additional 132,168 shares during the last quarter. Basecamp Wealth Advisors LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 1st quarter worth $1,046,000. 180 Wealth Advisors LLC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 7.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,080,074 shares of the investment management company’s stock worth $13,015,000 after purchasing an additional 74,976 shares during the period. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter worth $456,000.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified, closed-end management investment company. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in securities of companies involved in natural resources and commodities.

Its portfolio may include equity and debt securities issued by companies engaged in energy, metals and mining, agriculture, chemicals, forestry, and other resource-related industries.