BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Up 162.9% in May

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 255,342 shares, an increase of 162.9% from the April 30th total of 97,118 shares. Based on an average daily volume of 705,344 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Price Performance

Shares of NYSE:BTX traded down $0.12 during midday trading on Monday, reaching $9.07. 213,879 shares of the company’s stock were exchanged, compared to its average volume of 804,559. The firm’s 50 day simple moving average is $7.67 and its two-hundred day simple moving average is $7.00. The stock has a market cap of $533.26 million, a price-to-earnings ratio of -3.99 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a fifty-two week low of $6.13 and a fifty-two week high of $9.38.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BTX. WPG Advisers LLC raised its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% in the 4th quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock valued at $30,000 after acquiring an additional 2,506 shares during the period. Kestra Advisory Services LLC acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at approximately $38,000. Newbridge Financial Services Group Inc. acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $43,000. Comerica Bank purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the third quarter valued at approximately $47,000. Finally, Fifth Third Bancorp purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.