Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Increases By 20.1%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 50,100 shares, a growth of 20.1% from the July 15th total of 41,700 shares. Based on an average daily volume of 199,500 shares, the days-to-cover ratio is currently 0.3 days.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.7 %

Shares of BCX opened at $9.02 on Friday. The firm’s 50 day simple moving average is $9.15 and its 200 day simple moving average is $9.04. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $8.25 and a 1-year high of $9.64.

Blackrock Resources & Commodities Strategy Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.052 dividend. This is an increase from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05. This represents a $0.62 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, August 15th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BCX. Atria Wealth Solutions Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust by 5.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 106,395 shares of the investment management company’s stock valued at $945,000 after purchasing an additional 5,846 shares in the last quarter. Stonebrook Private Inc. bought a new position in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at approximately $265,000. Intellectus Partners LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 32.2% during the fourth quarter. Intellectus Partners LLC now owns 189,988 shares of the investment management company’s stock valued at $1,687,000 after acquiring an additional 46,270 shares during the last quarter. Financial Advocates Investment Management grew its position in Blackrock Resources & Commodities Strategy Trust by 6.1% during the fourth quarter. Financial Advocates Investment Management now owns 79,477 shares of the investment management company’s stock valued at $706,000 after acquiring an additional 4,537 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in Blackrock Resources & Commodities Strategy Trust by 72.4% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 22,392 shares of the investment management company’s stock valued at $199,000 after acquiring an additional 9,400 shares during the last quarter.

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.