BlackRock Energy and Resources Trust (NYSE:BGR) Stock Short Interest Report for September

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 64,986 shares, an increase of 637.7% from the September 15th total of 8,809 shares. Based on an average daily volume of 110,516 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of BlackRock Energy and Resources Trust

Hedge funds have recently modified their holdings of the stock. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $3,955,000. Bank of America Corp DE purchased a new stake in BlackRock Energy and Resources Trust during the second quarter worth $2,129,000. Beacon Pointe Advisors LLC purchased a new stake in BlackRock Energy and Resources Trust during the second quarter worth $566,000. Royal Bank of Canada boosted its holdings in BlackRock Energy and Resources Trust by 15.4% during the first quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock worth $2,397,000 after buying an additional 18,474 shares in the last quarter. Finally, Cypress Capital Management LLC WY grew its position in BlackRock Energy and Resources Trust by 6.0% during the second quarter. Cypress Capital Management LLC WY now owns 281,912 shares of the company’s stock valued at $4,178,000 after buying an additional 15,998 shares during the period.

BlackRock Energy and Resources Trust Trading Up 1.0%

NYSE BGR traded up $0.17 on Friday, reaching $17.72. 133,599 shares of the company’s stock traded hands, compared to its average volume of 129,864. BlackRock Energy and Resources Trust has a fifty-two week low of $12.92 and a fifty-two week high of $17.92. The stock has a 50 day moving average price of $17.11 and a 200-day moving average price of $16.38.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0973 per share. The ex-dividend date is Friday, December 11th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.6%.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE:BGR) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of companies involved in the energy and natural resources sectors.

Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy commodities, as well as companies involved in metals, mining and other natural-resource activities.