BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 202.3% in June

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 19,007 shares, an increase of 202.3% from the June 15th total of 6,288 shares. Based on an average daily volume of 126,735 shares, the short-interest ratio is currently 0.1 days.

BlackRock Energy and Resources Trust Trading Up 3.0%

BGR traded up $0.46 on Monday, reaching $15.98. 79,369 shares of the company traded hands, compared to its average volume of 146,660. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.70. The firm has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $15.49.

BlackRock Energy and Resources 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 given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Trading of BlackRock Energy and Resources Trust

A number of large investors have recently modified their holdings of the company. Formidable Asset Management LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth $1,009,000. Absolute Investment Advisers LLC bought a new stake in shares of BlackRock Energy and Resources Trust in the first quarter valued at about $3,955,000. Triumph Capital Management bought a new stake in shares of BlackRock Energy and Resources Trust in the third quarter valued at about $33,000. Nations Financial Group Inc. IA ADV lifted its stake in BlackRock Energy and Resources Trust by 3.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock worth $483,000 after acquiring an additional 961 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in BlackRock Energy and Resources Trust by 286.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after acquiring an additional 3,911 shares during the period.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.