Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Down 36.8% in May

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 27,688 shares, a drop of 36.8% from the April 30th total of 43,782 shares. Based on an average trading volume of 210,305 shares, the days-to-cover ratio is presently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Stock Down 1.1%

Shares of NYSE:BCX opened at $12.06 on Thursday. The firm’s 50 day simple moving average is $12.18 and its 200-day simple moving average is $11.85. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.22 and a one year high of $13.86.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BCX. NewEdge Advisors LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 6.6% during the first quarter. NewEdge Advisors LLC now owns 73,411 shares of the investment management company’s stock valued at $685,000 after purchasing an additional 4,542 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% during the first quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 6,041 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 85.0% during the second quarter. Cetera Investment Advisers now owns 79,761 shares of the investment management company’s stock valued at $754,000 after purchasing an additional 36,637 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 2.2% during the second quarter. Invesco Ltd. now owns 1,109,900 shares of the investment management company’s stock valued at $10,489,000 after purchasing an additional 23,655 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 3.7% during the second quarter. First Trust Advisors LP now owns 50,198 shares of the investment management company’s stock valued at $474,000 after purchasing an additional 1,787 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.