Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 150,400 shares, an increase of 37.1% from the February 13th total of 109,700 shares. Based on an average trading volume of 315,100 shares, the days-to-cover ratio is currently 0.5 days.

Blackrock Resources & Commodities Strategy Trust Trading Up 0.2 %

BCX traded up $0.02 during trading hours on Tuesday, hitting $9.28. The stock had a trading volume of 68,625 shares, compared to its average volume of 232,478. The company’s fifty day simple moving average is $9.07 and its 200 day simple moving average is $9.17. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $8.41 and a 1 year high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BCX. Sigma Planning Corp purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $104,000. Pathstone Holdings LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 58.2% during the 3rd quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock valued at $7,482,000 after buying an additional 286,553 shares in the last quarter. HighTower Advisors LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $145,000. Ionic Capital Management LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at about $710,000. Finally, Rivernorth Capital Management LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 51.6% during the 3rd quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock valued at $9,240,000 after buying an additional 327,507 shares in 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.