BlackRock Health Sciences Trust (NYSE:BME) Short Interest Update

BlackRock Health Sciences Trust (NYSE:BME) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 67,055 shares, a decline of 17.4% from the February 26th total of 81,198 shares. Based on an average trading volume of 45,079 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On BlackRock Health Sciences Trust

Institutional investors have recently bought and sold shares of the business. Smith Asset Management Co. LLC raised its stake in BlackRock Health Sciences Trust by 21.7% in the fourth quarter. Smith Asset Management Co. LLC now owns 12,885 shares of the company’s stock worth $530,000 after buying an additional 2,301 shares in the last quarter. Wealthspire Retirement LLC boosted its position in BlackRock Health Sciences Trust by 4.7% during the 4th quarter. Wealthspire Retirement LLC now owns 46,252 shares of the company’s stock valued at $1,902,000 after acquiring an additional 2,077 shares in the last quarter. Millennium Management LLC purchased a new position in shares of BlackRock Health Sciences Trust in the 4th quarter valued at $430,000. 1607 Capital Partners LLC increased its holdings in shares of BlackRock Health Sciences Trust by 49.5% in the 4th quarter. 1607 Capital Partners LLC now owns 229,260 shares of the company’s stock valued at $9,429,000 after acquiring an additional 75,958 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of BlackRock Health Sciences Trust by 12.6% in the 4th quarter. Cetera Investment Advisers now owns 13,218 shares of the company’s stock worth $544,000 after acquiring an additional 1,478 shares in the last quarter.

BlackRock Health Sciences Trust Stock Up 0.1%

NYSE:BME opened at $37.70 on Monday. BlackRock Health Sciences Trust has a 1-year low of $34.18 and a 1-year high of $42.74. The company has a 50-day moving average of $41.28 and a 200 day moving average of $40.05.

BlackRock Health Sciences Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.2621 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Health Sciences Trust Company Profile

BlackRock Health Sciences Trust (NYSE: BME) is a closed-end management investment company that seeks long-term total return through a combination of dividend income and capital appreciation. Managed by BlackRock Fund Advisors, the trust invests primarily in the equity securities of domestic and international issuers engaged in the health sciences sector. The portfolio typically includes common stocks, corporate bonds and convertible securities of companies involved in biotechnology, pharmaceuticals, medical devices and healthcare services.