Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Declines By 53.9%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 49,316 shares, a decline of 53.9% from the August 15th total of 106,937 shares. Based on an average trading volume of 166,774 shares, the days-to-cover ratio is presently 0.3 days.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of BCX opened at $12.91 on Monday. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $9.68 and a 12-month high of $13.86. The firm has a 50-day moving average price of $12.33 and a 200 day moving average price of $12.16.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.0697 dividend. The ex-dividend date is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCX. NewEdge Advisors LLC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 6.6% in the 1st 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 during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after purchasing an additional 6,041 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 85.0% during the 2nd quarter. Cetera Investment Advisers now owns 79,761 shares of the investment management company’s stock worth $754,000 after purchasing an additional 36,637 shares during the last quarter. Invesco Ltd. raised its holdings in Blackrock Resources & Commodities Strategy Trust by 2.2% in the 2nd quarter. Invesco Ltd. now owns 1,109,900 shares of the investment management company’s stock valued at $10,489,000 after buying an additional 23,655 shares during the period. Finally, First Trust Advisors LP lifted its position in Blackrock Resources & Commodities Strategy Trust by 3.7% in the second quarter. First Trust Advisors LP now owns 50,198 shares of the investment management company’s stock valued at $474,000 after buying an additional 1,787 shares during 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.