BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 202.3% in June

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 19,007 shares, a growth of 202.3% from the June 15th total of 6,288 shares. Based on an average daily volume of 126,735 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock Energy and Resources Trust

A number of hedge funds have recently bought and sold shares of BGR. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter valued at $3,955,000. UBS Group AG boosted its position in BlackRock Energy and Resources Trust by 1.2% during the fourth quarter. UBS Group AG now owns 225,951 shares of the company’s stock valued at $3,059,000 after purchasing an additional 2,761 shares in the last quarter. Truist Financial Corp boosted its position in BlackRock Energy and Resources Trust by 4.0% during the fourth quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock valued at $2,263,000 after purchasing an additional 6,358 shares in the last quarter. Royal Bank of Canada grew its stake in BlackRock Energy and Resources Trust by 2.0% in the first quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after purchasing an additional 3,137 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in BlackRock Energy and Resources Trust by 27.9% in the fourth quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after purchasing an additional 18,423 shares during the last quarter.

BlackRock Energy and Resources Trust Trading Down 0.9%

Shares of NYSE:BGR traded down $0.14 during trading hours on Wednesday, hitting $15.96. The company’s stock had a trading volume of 14,144 shares, compared to its average volume of 145,358. BlackRock Energy and Resources Trust has a 52 week low of $12.92 and a 52 week high of $17.70. The firm’s fifty day moving average price is $15.62 and its 200 day moving average price is $15.52.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0973 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.