BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Down 33.4% in March

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 47,000 shares, a drop of 33.4% from the February 28th total of 70,600 shares. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter valued at approximately $4,869,000. Advisors Asset Management Inc. increased its holdings in BlackRock Energy and Resources Trust by 16.5% during the 4th quarter. Advisors Asset Management Inc. now owns 258,499 shares of the company’s stock worth $3,260,000 after purchasing an additional 36,677 shares during the period. LPL Financial LLC raised its position in BlackRock Energy and Resources Trust by 20.1% during the 4th quarter. LPL Financial LLC now owns 184,717 shares of the company’s stock valued at $2,329,000 after purchasing an additional 30,961 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of BlackRock Energy and Resources Trust by 5.0% in the 4th quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock worth $1,714,000 after buying an additional 6,506 shares during the period. Finally, Samalin Investment Counsel LLC grew its position in shares of BlackRock Energy and Resources Trust by 6.9% during the 4th quarter. Samalin Investment Counsel LLC now owns 67,267 shares of the company’s stock worth $848,000 after buying an additional 4,368 shares in the last quarter.

BlackRock Energy and Resources Trust Stock Up 0.4 %

Shares of NYSE:BGR traded up $0.05 on Monday, hitting $13.59. 176,265 shares of the company’s stock were exchanged, compared to its average volume of 87,579. BlackRock Energy and Resources Trust has a 12 month low of $12.10 and a 12 month high of $13.94. The business’s 50 day simple moving average is $13.35 and its two-hundred day simple moving average is $13.20.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0973 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.17 dividend on an annualized basis and a yield of 8.59%.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.