BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Down 44.4% in June

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 172,574 shares, a decline of 44.4% from the June 15th total of 310,600 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 723,936 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

A number of large investors have recently bought and sold shares of the stock. WPG Advisers LLC increased its holdings in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% during the 4th quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock worth $30,000 after buying an additional 2,506 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the fourth quarter valued at $38,000. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter valued at about $43,000. Comerica Bank purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter valued at about $47,000. Finally, Fifth Third Bancorp acquired a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth about $57,000. Hedge funds and other institutional investors own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Down 2.8%

Shares of BTX stock traded down $0.23 during trading hours on Thursday, hitting $8.14. 969,709 shares of the company were exchanged, compared to its average volume of 798,461. The firm has a market cap of $479.14 million, a PE ratio of -3.59 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1 year low of $6.13 and a 1 year high of $9.44. The firm has a fifty day moving average of $8.82 and a 200 day moving average of $7.53.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0525 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.7%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s dividend payout ratio is -25.11%.

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.