Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 427.9% in March

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 81,300 shares, a growth of 427.9% from the February 29th total of 15,400 shares. Based on an average daily volume of 366,400 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds and other institutional investors have recently made changes to their positions in BCX. Penserra Capital Management LLC bought a new position in Blackrock Resources & Commodities Strategy Trust in the third quarter valued at approximately $7,428,000. Allspring Global Investments Holdings LLC raised its stake in Blackrock Resources & Commodities Strategy Trust by 41.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock worth $16,722,000 after acquiring an additional 550,047 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 788.4% in the fourth quarter. International Assets Investment Management LLC now owns 456,329 shares of the investment management company’s stock worth $40,520,000 after acquiring an additional 404,962 shares during the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 23.0% in the third quarter. Saba Capital Management L.P. now owns 1,600,113 shares of the investment management company’s stock worth $14,737,000 after acquiring an additional 299,531 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 11.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock valued at $27,918,000 after purchasing an additional 256,075 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Trading Up 1.7 %

BCX stock opened at $8.95 on Thursday. Blackrock Resources & Commodities Strategy Trust has a fifty-two week low of $8.25 and a fifty-two week high of $9.90. The business’s fifty day moving average price is $8.58 and its two-hundred day moving average price is $8.79.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.052 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 6.97%.

Blackrock Resources & Commodities Strategy Trust Company Profile

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.