BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 23.7% in May

BlackRock Science and Technology Trust (NYSE:BSTGet Rating) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 160,400 shares, an increase of 23.7% from the May 15th total of 129,700 shares. Based on an average trading volume of 152,200 shares, the short-interest ratio is presently 1.1 days.

Several large investors have recently added to or reduced their stakes in BST. Confluence Wealth Services Inc. acquired a new position in shares of BlackRock Science and Technology Trust in the fourth quarter worth about $33,000. Fifth Third Bancorp lifted its stake in shares of BlackRock Science and Technology Trust by 116.7% in the fourth quarter. Fifth Third Bancorp now owns 689 shares of the company’s stock worth $34,000 after acquiring an additional 371 shares in the last quarter. Westside Investment Management Inc. acquired a new position in shares of BlackRock Science and Technology Trust in the first quarter worth about $43,000. Retirement Group LLC lifted its stake in shares of BlackRock Science and Technology Trust by 1,077.6% in the first quarter. Retirement Group LLC now owns 1,260 shares of the company’s stock worth $55,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of BlackRock Science and Technology Trust in the first quarter worth about $59,000.

Shares of NYSE BST opened at $31.25 on Friday. BlackRock Science and Technology Trust has a 1-year low of $30.90 and a 1-year high of $59.96. The business has a 50-day moving average of $37.28 and a 200-day moving average of $42.78.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Tuesday, June 14th.

About BlackRock Science and Technology Trust (Get Rating)

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for BlackRock Science and Technology Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Science and Technology Trust and related companies with MarketBeat.com's FREE daily email newsletter.