BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Update

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 255,342 shares, a growth of 162.9% from the April 30th total of 97,118 shares. Based on an average daily volume of 705,344 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 0.2%

NYSE:BTX traded up $0.02 during trading hours on Friday, reaching $9.18. 1,058,517 shares of the stock were exchanged, compared to its average volume of 811,396. The business has a 50-day moving average of $7.67 and a two-hundred day moving average of $7.00. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a twelve month low of $6.13 and a twelve month high of $9.38. The company has a market capitalization of $539.73 million, a price-to-earnings ratio of -4.04 and a beta of 4.61.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.4% during the first quarter. Bank of America Corp DE now owns 447,999 shares of the company’s stock worth $2,957,000 after purchasing an additional 30,745 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth $16,962,000. Saba Capital Management L.P. acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth $5,044,000. Punch & Associates Investment Management Inc. purchased a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth $164,000. Finally, Cetera Investment Advisers increased its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 64.5% during the first quarter. Cetera Investment Advisers now owns 22,004 shares of the company’s stock worth $145,000 after acquiring an additional 8,626 shares during the period. 26.00% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.