BlackRock Science and Technology Trust (NYSE:BST) Short Interest Update

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,904 shares, a decline of 52.7% from the May 31st total of 23,049 shares. Based on an average daily trading volume, of 135,598 shares, the short-interest ratio is presently 0.1 days.

BlackRock Science and Technology Trust Stock Performance

BlackRock Science and Technology Trust stock opened at $50.24 on Thursday. The stock’s fifty day moving average price is $46.31 and its two-hundred day moving average price is $41.99. BlackRock Science and Technology Trust has a one year low of $34.87 and a one year high of $51.30.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.25 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in BlackRock Science and Technology Trust by 0.5% during the first quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock worth $9,791,000 after buying an additional 1,477 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of BlackRock Science and Technology Trust by 10.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,147 shares of the company’s stock valued at $203,000 after buying an additional 600 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of BlackRock Science and Technology Trust by 183.8% during the 1st quarter. Jane Street Group LLC now owns 20,917 shares of the company’s stock worth $690,000 after acquiring an additional 13,547 shares during the period. Focus Partners Wealth bought a new stake in shares of BlackRock Science and Technology Trust during the 1st quarter worth approximately $211,000. Finally, JPMorgan Chase & Co. boosted its position in shares of BlackRock Science and Technology Trust by 36.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock worth $147,000 after acquiring an additional 1,033 shares in the last quarter.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.